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Inequality, democracy and growth in Brazil : a country at the crossroads of economic development

Author: Marcos Mendes
Publisher: London, England : Academic Press, [2015] ©2015
Edition/Format:   eBook : Document : EnglishView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Mendes, Marcos.
Inequality, Democracy, and Growth in Brazil : A Country at the Crossroads of Economic Development.
Burlington : Elsevier Science, ©2014
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Marcos Mendes
ISBN: 9780128019658 0128019654
OCLC Number: 896794331
Description: 1 online resource (281 pages)
Contents: 1. Low Economic Growth and its Proximate Causes --
1.1. Introduction --
1.2. Sources of Economic Growth --
1.3. The Brazilian Economy During the Military Government (1964-1984) and the Transition to Democracy --
1.4. Low Growth --
1.5. Proximate Causes for Low Growth in 10 Stylized Facts --
1.5.1. Stylized Fact 1: Current Governmental Non-Financial Expenditures have Steadily Crown --
1.5.2. Stylized Fact 2: The Tax Burden had to be Raised to Finance Increasing Expenditures --
1.5.3. Stylized Fact 3: Tax Increases were not Sufficient to Finance Growing Expenditures and, as a Consequence, Public Sector Savings became Negative --
1.5.4. Stylized Fact 4: High Interest Rates --
1.5.5. Stylized Fact 5: Infrastructure Bottlenecks --
1.5.6. Stylized Fact 6: Skyrocketing Minimum Wage --
1.5.7. Stylized Fact 7: The Brazilian Economy is Closed to International Trade --
1.5.8. Stylized Fact 8: Judicial Uncertainty and Poor Protection of Property Rights. 1.5.9. Stylized Fact 9: A Large Number of Small and Informal Companies Drive Average Productivity Down --
1.5.10. Stylized Fact 10: Educational Backwardness --
1.6. The Story Behind Low Growth --
Annex 1A.1 The Main Electoral and Political Institutions in the New Brazilian Democracy --
References --
2. Inequality --
2.1. Introduction --
2.2. The Composition of Inequality --
2.3. The Fall of Inequality Since the Mid-1990s --
2.4. Will Inequality Continue to Fall? --
2.5. Are Social Policies Effective in Reducing Inequality? --
2.6. Did Inequality Only Begin to Fall More Intensely as of 2001? --
2.7. Social Stratification after Two Decades of Poverty and Inequality Reduction --
2.8. Conclusions --
References --
3. Redistribution to the Rich --
3.1. Introduction --
3.2. What Does Economic Theory Have to Say? --
3.3. Inequality, Extractive Institutions, and Rent Seeking in Brazil --
3.4. Evidence of Redistribution to the Rich in Brazil. 3.4.1. Slow and Inefficient Judicial System --
3.4.2. Regulatory Agency Weakness --
3.4.3. Privileged Access to Public Credit --
3.4.4. Protection of National Industry --
References --
4. Redistribution to the Poor --
4.1. Introduction --
4.2. What Does Economic Theory Have to Say? --
4.3. The Fiscal Impact of Income Transfer to the Poor --
4.4. Expansion of Public Education for the Poor and its Fiscal Impact --
4.5. Expansion of Public Health to the Poor and its Fiscal Impact --
4.6. Conclusions --
References --
5. The Middle Class Joins the Game --
5.1. Introduction --
5.2. What Does Economic Theory Have to Say? --
5.3. Rent Seeking in Legal Disputes --
5.4. The Elderly as a Politically Preferred Public --
5.5. Public Education That Does not Serve the Poor --
5.6. The Political Power of Civil Servants --
5.7. Labor Unions and Resistance to Labor Legislation Reform --
5.8. Income-Tax Exemptions --
5.9.18 Great Farm Debt Renegotiations in 19 Years. 5.10. The Widespread Distributive Conflict --
5.11. Conclusions --
References --
6. Redistribution and Long-Term Growth --
6.1. Introduction --
6.2. What Does Economic Theory Have to Say? --
6.3. Which Path Will Brazil Take? --
6.4. Conclusions --
References.
Responsibility: Marcos Mendes.

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