Global booms and busts
How is Brazil's middle class faring
Bibliographic Data
| ID | 4368922 |
|---|---|
| Authors | Jan Peter Wogart (German Institute for Global and Area Studies, corresponding author) |
| Year | 2010 |
| Volume | 30 |
| Issue | 3 |
| Pages | 381-400 |
| Publication date | 2010-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/s0101-31572010000300002 |
| OpenAlex | W1980859493 |
| SCIELO_PID | S0101-31572010000300002 |
| Language | EN |
| Citations received | 4 |
| References cited | 16 |
Brazil's Post War economic history has been marked by inflationary booms and busts, which kept large parts of the population poor, as income distribution remained highly skewed, and most governments failed to put enough efforts and resources into education and health. That seems to have changed recently, as an increasing number of studies have shown considerable advances in the incomes of the lower and the middle classes. This essay examines those findings and puts them into a historical perspective, discussing earlier attempts and hopes of Brazilian policy makers to advance the welfare of the population. It concludes that while the last fifteen years have been remarkable for the country to achieve macroeconomic stability and while the increasing efforts of supporting the poor seemed to have been moving income distribution slowly towards a more equal level, there is still a long way to go. The 2008 world financial crisis also hit Brazil hard, but the recovery has been smoother and faster than in any OECD country. The impact of the current crisis may provide a good test as to the robustness of the previous trends to further the wellbeing of the poor and the middle class
Boom · Development economics · Distribution (mathematics · Economics · Financial crisis · Income distribution · Inequality · Macroeconomics · Market economy · Middle class · Population · Sociology · Welfare · Demography · Economic Theory and Policy · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality
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Brazil
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The Changing Tolerance for Income Inequality in the Course of Economic Development
Reflections on Latin American Development
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,44 |
| Citation span | 2017 - 2021 (5) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |