Political Economy Commons^™

Political Choice And Economic Crisis In Brazil: A Case Of Mismanagement Of Public Money, Evellyn Brasil Monteiro

Dissertations and Theses

A few years ago, Brazil was the country where everybody would like to invest. Because it was one of the members of the BRIC, group of emergent countries with fast-growing economies including also Russia, India and China that gave the investors warranties that those investments would be successful. The current situation is very different from the one pictured not too long ago. High interest rates, high inflation, undervalued currency, and international political scandals describe the very serious economic crisis the country has been facing recently, making the economic growth forecast decrease. In 2013, the variation of Gross Domestic Product (GDP) …