CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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A pragmatic approach to State intervention: The brazilian case

This article examiaes State intervention in the Brazilian economy, in an attempt to elucidate why the State ceased to play a decisive part in the country’s development. The primary explanation lies in the cyclical nature of State intervention. In the beginning, intervention tended to be very successful, especially when the country was launching its industrialization phase. Gradually, however, the distortions inherent in intervention without some form of market control began to accumulate, leading the State into fiscal crisis. The current neoliberal wave and its success in advocating privatizations can be understood in these terms.

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