O Plano Real e a agricultura brasileira: perspectivas

In: Brazilian journal of political economy: Revista de economia política, Band 19, Heft 76, S. 146-155

Abstract

This paper reviews the effects of Plano Real's macroeconomic policies on agriculture and discusses the new pespectives open after the strong devaluation in January 1999. Brazilian agriculture was severely affected by the combination of high interest rates and an overvalued exchange rate. In addition, it had to face the problems of excessive reduction in import tariffs, of financed imports and of low economic growth rates in recent years. Brazil has always been recognized as having a strong comparative advantage in agriculture. The devaluation which occurred, beginning in January 1999, opens better perspectives for the country to exploit its competitiveness in international markets. (Rev Econ Polit/DÜI)