Abertura externa e liberalização financeira: impactos sobre crescimento e distribuição no Brasil dos anos 90

Abstract

Analyse how the neoliberal policies implemented in Brazil during the 90's affected the country's economic growth and income distribution. More specifically, it will be discussed how trade and financial liberalization caused an increasing financial fragility and economic vulnerability in Brazil, posing an external constraint to economic growth during the last decade and increasing the probability of balance of payment crisis. The conventional hypothesis, which states that liberalization would reduce income inequality, will also be tested. This will be done by observing the usual indicators that reflect income distribution and also indexes that reflect changes in the functional distribution of income, in labor market structure and in wealth distribution in Brazil during the 90's.