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

Economic theory applied to inequality and growth in Brazil.

Marcos Mendes (Author)

9780128019511, Elsevier Science

Paperback, published 25 November 2014

280 pages
22.9 x 15.1 x 1.9 cm, 0.54 kg

"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

In terms accessible to non-economists, Marcos José 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.

1. Low Economic Growth and its Proximate Causes
2. Inequality
3. Redistribution to the Rich
4. Redistribution to the Poor
5. The Middle Class Joins the Game
6. Redistribution and Long-Term Growth

Subject Areas: Development economics & emerging economies [KCM], Macroeconomics [KCB], Poverty & unemployment [JFFA]