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The Brazilian Economy: Growth and Development, 7th edition

Werner Baer
The Brazilian Economy: Growth and Development, 7th edition
ISBN: 978-1-58826-842-6
ISBN: 978-1-62637-574-1
2013/469 pages/LC: 2013020636
Praise for the previous editions:

"Baer's book has become the standard, authoritative reference for those who need to understand the current workings, as well as the historical evolution, of the Brazilian economy. This timely and welcome new edition sheds important light on the policy challenges facing Brazil in the 21st century."—Riordan Roett, Johns Hopkins University


In this thorough description and analysis of Latin America's largest economy, Werner Baer traces the trajectory of Brazil's economic development and performance from the colonial period through the early years (2011-2012) of the administration of Dilma Rousseff.

In addition to updated information, the seventh edition includes entirely new chapters on the challenges and accomplishments of the Lula/Rousseff period and also on the nature of human capital and the role of the education system in Brazil. With Brazil playing an increasingly major role on the global economic stage, this edition will be valuable both in the classroom and as an authoritative reference resource.


Werner Baer is Jorge Paulo Lemann Professor of Economics at the University of Illinois, Urbana-Champaign.


  • Introduction.
  • The Colonial Period and the Nineteenth Century.
  • Early Industrial Growth.
  • Post–World War II Industrialization: 1946–1961.
  • From Stagnation and Boom to the Debt Crisis: 1961–1985.
  • Inflation and Economic Drift: 1985–1994.
  • The Real Plan and the End of Inflation: 1994–2002.
  • Economic Orthodoxy vs. Social Development: 2002–2007.
  • Brazil as an Emerging Economy: 2007–Present.
  • The External Sector: Trade and Foreign Investments.
  • The Changing Public Sector and the Impact of Privatization.
  • Regional Inequalities.
  • The Agricultural Sector.
  • The Environmental Impact of Development.
  • Health Care.
  • Neoliberalism and Market Concentration: The Emergence of Contradiction?
  • Human Capital.
  • Linking Past, Present, and Future.