Brazil 's Development Policies For A Economically Liberal Policy Goals And Instruments

1526 Words Oct 7th, 2015 7 Pages
Brazil’s industrialisation and development has been constrained by the lack of technology and skilled human capital. Ban considers Brazil 's new development policies to be similar to the 'economically liberal policy goals and instruments associated with the [Washington] consensus and policy goals and instruments that can be traced to the developmentalist tradition ' (Ban, 2013: 299). And that neo-developmentalist follow a tradition 'unlike the protectionism and export pessimism of old developmentalists’, in thinking ‘that since middle income countries have overcome the infant industry stage, protectionism should be scrapped and the goal of the open economy should be accepted as fundamental’ (Ban, 2013: 301). Similarly, Rodrik (2004) discusses this issue. Latin America, and more specifically Brazil has adopted the ‘stabilize, liberalise, and privatize’ argument for development (Rodrik, 2004: 3). Among [International Financial Institutions] IFI’s, ‘talk has shifted from structural adjustment and conditionality to country ownership and country-generated poverty reduction strategies’ (Rodrik, 2004: 3). The hope is that having a broad based domestic discussion on development will ‘involve a wide cross section of civil society, facilitating both the selection of appropriate policies and their acceptance by the state (Rodrik, 2004: 4). Yet growing economic liberalisation creates growing interdependence on international markets. This could have the adverse effects of lower…

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