Where next for Brazilian development?

The currency and financial crises experienced by emerging economies in the second half of the 1990s seem to have put paid to the economic policy recipes known as the Washington Consensus. True, some of their ingredients survived, but only as part of new economic policy structures that were built up and put to the test in places ranging from Asia to Latin America to create the conditions for more vigorous growth that would be less vulnerable to international turbulence, especially that originating in the financial markets (see, for example, Frenkel, 2010).

Related Subject(s): Economic and Social Development