Brazil has a history of protracted, uneven, and insufficient economic reform efforts. In the 1980s, governance also deteriorated, leaving the state substantially depleted of control over the instruments of economic policy. This paper argues that the short supply of capacity was the primary reason for the prolonged failure to promote a concerted reform program that could both reverse the increasingly unstable macroeconomic situation and introduce...
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1995/12/31
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Рабочие документы (нумерованная серия)
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15371
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1
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1
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2018/03/03
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Disclosed
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State capture and fiscal adjustment in Brazil
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federal government
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