Indebtedness during the military government: a study of the 1960s and 1970s in Brazil

Foreign Debt;Foreign Loans;Brazilian Economy;Euromarkets;Brazilian Military Regime

Correa Kuyumjian, Marilia ; Arends-Kuenning ; Mary P.

关键词: Foreign Debt;    Foreign Loans;    Brazilian Economy;    Euromarkets;    Brazilian Military Regime;   

Others  :  https://www.ideals.illinois.edu/bitstream/handle/2142/44097/Marilia_Correa%20Kuyumjian.pdf?sequence=1&isAllowed=y

美国|英语

来源: The Illinois Digital Environment for Access to Learning and Scholarship

【 摘 要 】

Between 1951 until the mid-1970s Brazil went through a phase of intense economic growth and development of its industry. This study aims to study the period in which the military took power and became responsible for implementing these goals of economic development – which include the years between 1964 until 1983 – looking for the kind of resources that were used in order to achieve economic growth. This study argues that the kind of economic growth chosen by the military, which relied strongly on foreign loans from the Eurocurrency markets, reproduced a model of economic development that proved to be unsustainable. The fact that these funds were able to move freely with the incentive laws created by the military left the Brazilian internal market access to credit subject to changes in the international scenario.