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.

English Spanish

Brazil in the 1990s: An economy in transition

The 1990s have been termed “the reform decade” in Brazil, because of the significant number of changes which took place in various aspects of that country’s economic and administrative policy. This article aims to systematically set forth the main features of those changes and analyse them in the light of the literature on reforms. It represents an attempt to sum up various studies made on the case of Brazil as part of a regional-level study coordinated by ECLAC. The article finds that in various aspects the results have been in line with those proposed by the literature in question, but not everything has turned out as planned or desired. It considers that this disparity of results can be explained by factors ranging from the way the reform process was designed, in some cases, to the different perceptions by the economic agents of the market signals associated with those changes.

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