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브라질의 경제안정화: 영속적 실패의 정치경제학 : Economic Stabilization in Brazil: Political Economy of Repeated Failures
DC Field | Value | Language |
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dc.contributor.author | 이영조 | - |
dc.date.accessioned | 2010-08-30T22:37:26Z | - |
dc.date.available | 2010-08-30T22:37:26Z | - |
dc.date.issued | 1991-12-25 | - |
dc.identifier.citation | Revista Iberoamericana, Vol.2, pp. 31-75 | - |
dc.identifier.issn | 1598-7779 | - |
dc.identifier.uri | https://hdl.handle.net/10371/69469 | - |
dc.description.abstract | This paper attempts from a political economy perspective to identify the
common factors underlying the ineffectiveness of the economic stabilization policies tried under three different political regimes of Brazil: populist, military, and redemocratized. A rather careful examination of the ineffective or abortive stabilization efforts reveals that at least three factors accounted for their failures. First were the political restraints under which the policy-makers had to operate. Of particular relevance to stabilization was the type of political legitimation all three regimes relied much on: instrumental legitimation. All the regimes under discussion tried, among other things, to gain and maintain legitimacy by showing off their instrumentality in achieving the socially valued goods. The populist and redemocratized regimes distributed state patronage to all the politically relevant sectors and classes. The increasing commitments of the state contri-buted to budget deficit, which in turn fueled inflation. The military regime justified itself, among others, on the promise of better economic performance. Instrumental legitimation restricted the mode and scope of antiinflationary policies and the finetuning of the policies in the process of implementation. For example, downsizing of the fat state bureaucracy, reduction of the subsidies and transfers, selloff of inefficient state enterprises were largely outside the policy options under the two democratic regimes. Under the military regime(perhaps under all regimes because the continued state patronage presu-pposed an increasing economic pie), any stabilization policy inimical to economic growth was out of the question. Thus, whenever forced to choose between the alternatives of recession and inflation or stabilization and growth, Brazil consistently chose the first options. Second, in all failures were visible schisms in the dominant bloc concerning the development strategy and the foreign economic relations. Although they were starker in the late populist and the redemocratized regimes, they were there even under the seemingly monolithic military regime. These schisms obviously impaired the policy consistency and the ability to respond in time to the new problems emerging in the course of policy implementation. Third, in all cases of failure the organized interests displayed a common pattern of behavior. Particularly, organized labor and the capitalists were more intent on maintaining and increasing their own share of the economic pie than trying to solve problems through compromises and concession. No doubt, the end result of this distributional struggle was failure of stabilization which exacted more sacrifices than otherwise would. The only exception to the general pattern outlined above was stabilization in the early period of the military rule(l964~73). Enjoying a degree of "retrospective legitimacy" in reaction to the chaos of the late populist period and largely free, if for a time, from the particular interests of the civil society through coercive political exclusion, the state could implement more effectively stabilization programs more orthodox in their content than any other stabilization program in postwar Brazil. The real test of the military regime's ability and commitment to stabilize occurred only after the Oil Shock and the defeat in the 1974 election changed the political and economic terrain of the country. Faced with a choice of stabilization and inflation, the state opted for inflation with growth at the expense of stabilization with recession. | - |
dc.language.iso | ko | - |
dc.publisher | 서울대학교 라틴아메리카연구소(SNUILAS) | - |
dc.title | 브라질의 경제안정화: 영속적 실패의 정치경제학 | - |
dc.title.alternative | Economic Stabilization in Brazil: Political Economy of Repeated Failures | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | Lee, Young Jo | - |
dc.citation.journaltitle | Revista Iberoamericana | - |
dc.citation.endpage | 75 | - |
dc.citation.pages | 31-75 | - |
dc.citation.startpage | 31 | - |
dc.citation.volume | 2 | - |
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