Brazil An Economy Recovering From Chaos

Brazil earned the reputation of being a “miracle economy” in the late 1960s when double-digit annual growth rates were recorded and the structure of the economy underwent rapid change. Since 1981, however, Brazil’s economic performance has been poor in comparison to its potential. The country’s dramatic reduction in output growth, which averaged an annual GDP growth of only 1.5 percent over 1980-93, reflected its inability to respond to the events of the late 1970s and 1980…

…Wilson Center Press, 1997. DuQuette, Michel. Building New Democracies: Economic and Social Reform in Brazil, Chile, and Mexico. Toronto, Canada: University of Toronto Press, 1999. Stephan, Alfred C. Authoritarian Brazil: Origins, Policies, and Future. New Haven, CT: Yale University Press, 1993. “LatinFocus.” Brazil Homepage: Economic Indicators, Forecasts, Briefing, Calendar, and the Most Essential Links to Government. 2000 Online. Internet. Available http://www.latin-focus.com/countries/brazil/brazil.htm “World Bank Group.” Brazil. 2000 Online. Internet. Available http://www.worldbank.org/