Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 15 pages
Data source: Published sources
Topics:
Brazil; Luiz Inacio 'Lula' da Silva (Lula); GDP (gross domestic product); Real plan; Social and economic reforms; Economic restructuring; Brazilian Infrastructure Investment Fund; Foreign-currency debt; Pension scheme; VAT (value added tax); Manaus Free Trade Zone; Tax holiday; IMF (International Monetary Fund); China; Mercosur
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https://casecent.re/p/61994
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Abstract
Brazil, despite its rich natural and human resources, had been a social and economic under-achiever, plagued by poverty, debt, high interest rates, high rate of unemployment, crumbling ports and roadways, and horrendous crime. By 2002, the country''s foreign debt stood at 56% of the gross domestic product and the impact of development measures taken in the past years was hardly visible. The Brazilian government under Luiz Inacio ''Lula'' da Silva, with the assistance of international bodies like the International Monetary Fund and the World Bank, undertook the task of reforming the country''s economy. The reform programme encouraged industries and exports. By 2004, the reform process was showing positive results, although a lot remained to be done. The case study provides insight into the various measures undertaken toward the social and economic reform of the country and encourages discussion on the sustainability of the reform process.
Location:
Other setting(s):
1964-2004
About
Abstract
Brazil, despite its rich natural and human resources, had been a social and economic under-achiever, plagued by poverty, debt, high interest rates, high rate of unemployment, crumbling ports and roadways, and horrendous crime. By 2002, the country''s foreign debt stood at 56% of the gross domestic product and the impact of development measures taken in the past years was hardly visible. The Brazilian government under Luiz Inacio ''Lula'' da Silva, with the assistance of international bodies like the International Monetary Fund and the World Bank, undertook the task of reforming the country''s economy. The reform programme encouraged industries and exports. By 2004, the reform process was showing positive results, although a lot remained to be done. The case study provides insight into the various measures undertaken toward the social and economic reform of the country and encourages discussion on the sustainability of the reform process.
Settings
Location:
Other setting(s):
1964-2004