Análise das políticas adotadas para o crescimento econômico brasileiro na Década de 70

Abstract

Based on historical data, it is observed that the Brazilian economy in the 1970s has policies that outline an economy totally unrealistic macroeconomic theories. Regarding the data analyzed in the period, up the economy has grown with low inflation, really something to be considered as a miracle to some theories of economics because the economic miracle proposed high rates of output growth and the industrial sector remained as control a runaway inflation of earlier periods, however all this is due to the development model applied. Given the neoclassical growth theory, the Brazilian reality in the 70 needed savings to grow and reach the new steady state. But according to Solow, the increase in savings raises capital, product and possibly consumption. Until then the concepts studied by Solow can be related to those observed in the Brazilian economy, as the level of capital and output of the economy grew throughout the period and in certain social classes, consumption rose. On the other side it is observed that the steady-state and long-term growth are neglected, since Brazil highlights a growth in the short term without regress. Thus the economic miracle escapes some rules analyzed by some economic theories, thus a strong critique of the concepts studied by the current macroeconomic theory. Economic growth brings inflation rate, requiring fiscal and monetary policies to curb inflation, the Phillips curve theory, all possible measures to combat inflation draw unemployment. Yet the economy grew, inflation control and employment remained increased, causing the trade off between economic miracle and the Phillips Curve. However the concentration of income was responsible for this trade off, one of the major political analyzed the effects of the new economy that, despite the good economic contexts, it is observed that it was bad for social concepts.