SANTANA JUNIOR, G.; http://lattes.cnpq.br/3373904429663843; SANTANA JÚNIOR, Gildásio.
Abstract:
In this work we analyse the theoretical basis of changes occurred in national economy
(monetary stabilisation, privatisation of state undertakings, enhancing of trade
openness), and discusses the efficacy of these steps as inductors of a new
increase/development stage in Brazilian economy. It is assumed that, from the 8(Ts on
the capitalistic accumulation schema, which was leaded by Brazilian State, showed its
weakness and claimed for changing. Now, at the end of the 90's, it is rational to
reflect if the option chose by the governments and accepted by an important number
of scholars has allowed a new period of increase/development. We challenged the
assumptions of economists that have agreed on both the analysis and the set of steps
chose by the governments in this period. We also took other analytical perspectives in
order to have a wider range of interpretations and we used some data about national
accountability made by IBGE. Despite the three governments deny it, we can show
that the economic policies applied in Brazil were based on the thesis of the
Washington Consent and we realised that after ten years the macroeconomic results of
these steps are worse than those in the so called "lost decade"'. The Brazilian
experience in the 90's has destroyed some neoliberal arguments, like the well known
thesis according to which after the monetary stabilisation the country will grow up:
Brazil had more than four years with monetary stabilisation and has grown less each
next year.