Suchergebnisse

The unusually rapid pace of economic growth in Brazil's second major cyclical upswing in the postwar era (1968–74) has given rise to extensive comment and analysis. Much has been written about this experience and a "model" of Brazilian development that invariably emerges from these analyses emphasizes the following features: (1) rapid industrial growth; (2) the remarkable growth of exports; (3) an income concentrating wage policy; (4) institutional change creating a more effective and income elastic tax system; (5) reformed capital markets indexed for inflation and a semifloating exchange rate; (6) increased savings and investment; and (7) a rise in the foreign debt.