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Full-Text Articles in Social and Behavioral Sciences
Finally Putting It Back Into The Pockets Of Brazil’S Bottom 50%: An Analysis Of The “Neo(Capital)” Flows On Income Inequality, Meghann Trago
Finally Putting It Back Into The Pockets Of Brazil’S Bottom 50%: An Analysis Of The “Neo(Capital)” Flows On Income Inequality, Meghann Trago
Senior Projects Spring 2018
A common belief of the global community is that Income inequality in Brazil has decreased. This paper analyses the composition of income inequality in Brazil through the effects of neoliberal policies on the relationship between capital flows and income inequality from the 1980s to 2015. The neoliberal policy that will be the focus of this paper, is the Washington Consensus which was introduced in the early 1990s. The historical analysis situates the Consensus in the context of Brazil. Hyman P. Minsky’s theory of financial instability applied to Brazil reveals the flaws within standard neoclassical trade theories underlying the Consensus, i.e. …