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The ROLLER COASTER of the BRAZILIAN economy - VisualPolitik EN
Posted
December 13, 2020
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Over the last five decades the Brazilian economy has been much like a roller coaster.
Periods of strong economic growth and high expectations have been followed by crises, devaluations and even hyperinflation. This is what happened in the late 1980s, for example. In 1989 Brazil experienced 1,320% inflation and in 1990, 2,740%.
The result is that 50 years after experiencing what became known as the Brazilian Miracle, Brazil has still not taken the final leap forward it needs to become a developed country.
In spite of this, during the last decades Brazil has been a fashionable country in financial circles, something that has much to do with a period of reforms that took place in the 1990s and that has come to be known as the Real Plan. But what did this plan, led by politician Fernando Henrique Cardoso really entail? Did it achieve its objectives? Why has Brazil not yet managed to overcome its addiction to crises and its dependence on raw materials? In this new video in collaboration with Value School, we tell you.
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