Economic Development in Latin America: The Brazilian Experience
A number of Latin American countries had a sufficient level of development by the 1980s to be referred to as the Newly Industrialized Countries. They reached that status by pursuing and implementing a series of economic policies that had begun in the 1930s. This paper will examine these policies and the experience of Brazil in its quest for development. The argument put forward is that the government played an active role and used nationalism as an ideology and rationale for its policies. The first part of the paper presents a review of the relevant literature. The second part presents the argument. The third part presents evidence that supports the argument, followed by the conclusions which may be drawn.
KeywordsAgricultural Sector Domestic Market Manufacturing Sector High Stage Import Substitution
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