1994. Brazil achieved price stability. Now, in order to grow, it has to define a policy of competitive insertion in the interantional setting, while, domestically, promotes income distribution. (Note: Folha de S.Paulo)
QUASI-STAGNATION FROM 1980
1994. Since 1980 Latin American faced a debt crisis and a crisis of the state, which was also a crisis of the developmentalist interpretation. Now, two competing interpretations are present: the neoliberal Washington Consensus and the fiscal crisis of the state approach. Available in English and Portuguese. (Paper: Cahiers des Amériques Latines)*
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1993. (Article: Folha de S.Paulo)
1993. In a 1964 I demonstrated that Brazilian entrepreneurs originated from the immigrant middle class. Nevertheless, dependency theory insisted that they originated from the coffee planters. It was a way of rejecting the possibility of a national bourgeoisie. (Paper: Revista Brasileira de Ciências Sociais)
1993. IMF adjustment programs and World Banks structural reforms ignore that the Brazilian economy faces abnormal times. (Paper in Revista da USP)
1992. Stabilization and other market-oriented economic reforms face a double challenge in new democracies: they have to be economically effective and politically feasible. Since 1980 Latin America faced a debt crisis and a crisis of the state. Now, two competing interpretations are present the neo-liberal Washington Consensus and the fiscal crisis of the state approach. The later anticipates the 2003 "new developmentalism". (Paper: Chapter 1 of Economic Reforms in New Democracies).
1993. A new political pact of the Brazilian elites around the idea of national development is a condition for political legitimacy and economic growth. Portuguese and English versions available.(Paper: Problèmes d Amérique Latine)*
1993. Brazil's failure to achieve price stabilization is essentially a consequence of the incompetence of authorities (and IMF) in acknowledging the inertial character of inflation and the lack of political support for fiscal adjustment. (Lecture in London)
1993. After the dependency interpretation of Latin America, now two competing interpretations are present: the neoliberal Washington Consensus and what I propose: the fiscal crisis of the state approach. Portuguese and French versions available. This paper is a preliminary version of my chapter in Economic Reforms in New Democracies (1993). The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Instituto Norte-Sul Discussion Paper)
1993. A socio-economic and a political-economic vicious circle hinds Brazils development. The weak points which should be attacked are education and inertial inflation. (Note in Vellosos edited book [10 p])*
1992. With José Marcio Rego. Ignácio Rangel is an highly orginal anaylist of the Brazilian macroeconomy and of its development. (Paper: Revista de Economia Política)
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English and Spanish versions available. (Paper: Problèmes dAmerique Latine).
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English, and French versions available. (Paper: Pensamiento Iberamericano)
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).
1991. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. English version available. (Paper: Revista Brasileira de Economia)
1991. Collection of articles analysing the rights and wrongs that characterized the first two extraordinary years of the Collor administration. After that, a change of ministry inaugurated the rendition of Brazil to the Washington consensus. (Editora Nobel). Nas livrarias e em pdf.
1990. This paper discusses two alternatives - neo-liberal and modern progressive - and asserts that Brazil is already sufficiently mature to protect its the national interest. (Paper in the book A Crise do Estado)
1989. The transition to democracy was an outcome of successful political popular-business pact, but mistaken ideoloiges originated in old nationalism and left populism, and on conservative clientelism, opportunism, social conservatism, monetarism, crude liberalism, and subordinated internationalism represent an obstacle to democratic consolidation and growth in Brazil. Portuguese version available.
(Paper in book edited by Diane Ethier)
1989. Interviews given by Bresser-Pereira while he was Finance Minister of Brazil, edited by Carlos Alberto Sardenberg. (Book: Editora Brasiliense). Disponível em pdf.