The Brazilian deindustrialization

Financialization Is Not Guilty

Bibliographic Data

ID4368305
AuthorsMylène Gaulard (0000-0001-9836-3229, Université Grenoble Alpes, corresponding author)
Year2015
Volume35
Issue2
Pages227-246
Publication date2015-06-01
Open AccessYes
TypeARTICLE
VenueBrazilian Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0101-3157 • E-ISSN: 1809-4538
PublisherFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/0101-31572015v35n02a02
OpenAlexW2200632403
SciELOS0101-31572015000200227
LanguageEN
Citations received1
References cited3

The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago

Bond · Capital (architecture · Debt · Deindustrialization · Economics · Economy · Financialization · Investment (military · Keynesian economics · Market economy · Monetary economics · Monetization · Neoclassical economics · Political science · Profit (economics · Treasury · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Political Economy and Marxism

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Open DOIOpen Access