Régulation et Croissance Économique au Brésil après la libéralisation :
At the end of the 80’s, in the context of the exhaustion of growth regime based on import substitution, trade and financial liberalization policies start gradually to be presented by the government and many experts as necessary to achieve the structural conditions for the economic development of Bra...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2008-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/4103 |
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| _version_ | 1832577968426188800 |
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| author | Miguel Bruno |
| author_facet | Miguel Bruno |
| author_sort | Miguel Bruno |
| collection | DOAJ |
| description | At the end of the 80’s, in the context of the exhaustion of growth regime based on import substitution, trade and financial liberalization policies start gradually to be presented by the government and many experts as necessary to achieve the structural conditions for the economic development of Brazil. However, after almost two decades of adherence to the ideology of globalization, three main trends emerge from a long-term analysis: declining trend in the relative participation of productive capital in the total stock of fixed capital; rapid expansion of financial income, which reaches an average of 29% of gross disposable income during the period 1993/2005, an extremely high financial burden on total income; the corollary of this high financial burden is the trend towards a regime of slow economic growth coupled with a persistent flexibilization of wage-labor nexus and an increase of the functional income concentration. In order to understand the causes of that macroeconomic performance, which is surprisingly lower than the national historic average, this paper proposes an analysis of the period that followed the market liberalization policies by using the basic concepts and methodology of the Regulation Theory. |
| format | Article |
| id | doaj-art-7d2797c0d3cb47289cb5f150f2e218a8 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2008-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-7d2797c0d3cb47289cb5f150f2e218a82025-01-30T14:25:52ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962008-12-01310.4000/regulation.4103Régulation et Croissance Économique au Brésil après la libéralisation :Miguel BrunoAt the end of the 80’s, in the context of the exhaustion of growth regime based on import substitution, trade and financial liberalization policies start gradually to be presented by the government and many experts as necessary to achieve the structural conditions for the economic development of Brazil. However, after almost two decades of adherence to the ideology of globalization, three main trends emerge from a long-term analysis: declining trend in the relative participation of productive capital in the total stock of fixed capital; rapid expansion of financial income, which reaches an average of 29% of gross disposable income during the period 1993/2005, an extremely high financial burden on total income; the corollary of this high financial burden is the trend towards a regime of slow economic growth coupled with a persistent flexibilization of wage-labor nexus and an increase of the functional income concentration. In order to understand the causes of that macroeconomic performance, which is surprisingly lower than the national historic average, this paper proposes an analysis of the period that followed the market liberalization policies by using the basic concepts and methodology of the Regulation Theory.https://journals.openedition.org/regulation/4103Régulation theoryregime of accumulationfinancializationincome distributionmode of regulationfinancial liberalization |
| spellingShingle | Miguel Bruno Régulation et Croissance Économique au Brésil après la libéralisation : Revue de la Régulation Régulation theory regime of accumulation financialization income distribution mode of regulation financial liberalization |
| title | Régulation et Croissance Économique au Brésil après la libéralisation : |
| title_full | Régulation et Croissance Économique au Brésil après la libéralisation : |
| title_fullStr | Régulation et Croissance Économique au Brésil après la libéralisation : |
| title_full_unstemmed | Régulation et Croissance Économique au Brésil après la libéralisation : |
| title_short | Régulation et Croissance Économique au Brésil après la libéralisation : |
| title_sort | regulation et croissance economique au bresil apres la liberalisation |
| topic | Régulation theory regime of accumulation financialization income distribution mode of regulation financial liberalization |
| url | https://journals.openedition.org/regulation/4103 |
| work_keys_str_mv | AT miguelbruno regulationetcroissanceeconomiqueaubresilapreslaliberalisation |