Inequality, Democracy, and Growth in Brazil

Inequality, Democracy, and Growth in Brazil : A Country at the Crossroads of Economic Development

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In terms accessible to non-economists, Marcos Jose Mendes describes the ways democracy and inequality produce low growth in the short and medium terms. In the longer term, he argues that Brazil has two paths in front of it. One is to create the conditions necessary to boost economic performance and drive the country toward a high level of development. The other is to fail in untying the political knot that blocks growth, leaving it a middle-income country. The source of his contrasting futures for Brazil is inequality, which he demonstrates is a relevant variable in any discussion of economic growth. Inequality illuminates causes of seemingly-unconnected problems. This book, which includes freely-accessible documents and datasets, is the first in-depth analysis of an issue that promises to become increasingly prominent.
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Product details

  • Paperback | 280 pages
  • 150 x 226 x 18mm | 419.99g
  • Academic Press Inc
  • San Diego, United States
  • English
  • colour illustrations
  • 0128019514
  • 9780128019511

Table of contents

Low Economic Growth and its Proximate Causes
Redistribution to the Rich
Redistribution to the Poor
The Middle Class Joins the Game
Redistribution and Long-Term Growth
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Review quote

"Brazil: the nation of the future? According to Mendes the answer is 'not yet.' Mendes proposes ten powerful stylised facts which suggest that Brazil still has a long way to go. This book is required reading for all interested in development in Brazil and also in other developing countries." --Manoel Bittencourt, University of Pretoria
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About Marcos Mendes

Marcos Jose Mendes is a member of a Brazilian think tank Fernand Braudel Institute of World Economics. He earned a Ph.D. from Universidade de Sao Paulo (Brazil) and is a Legislative Advisor in economics for the Brazilian Federal Senate. He started the research for this book in 2012-13 during an eight month visiting fellowship at the Department of Economics at the London School of Economics.
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