Political Liberalization In Brazil

The civilian government inaugurated in Brazil in March 1985, following twenty-one years of military rule, is the culmination of a slow process of liberalization that has brought greater freedom of political expression, organization, and activity. How the Sarney government responds to the challenges it faces and the institutional choices it must make will shape Brazil’s political evolution for years to come. Should Brazil develop a democratic system, it would be the third most populous democracy in the world. Political trends in Brazil are therefore of considerable significance to Latin America and the United States. In this comprehensive analysis of the forces pushing democratization forward, those opposing it, and the contradictions created by the ad hoc nature of the dynamics between the two, the contributors examine the legacy of two decades of authoritarian rule, the choices facing the civilian government, and possible future developments.

The Meaning of Liberalism in Brazil explores the consequences of globalization in emerging-market economies using Brazil as a case study. This well-researched and thought provoking book elaborates a new interpretation of Brazilian society by showing the relationship between political thought and economics, as well as how the two disciplines can interact, working together to shape a nation. Milton Tosto Jr. carefully traces the meaning of liberalism throughout Brazilian history, explaining liberalism's birth and collapse, and ultimately offers reasons why the new liberal institutions of Brazil have an excellent chance of prospering. Anyone interested in economics, political theory, or Latin American studies will find this unique and insightful volume helpful.

The civilian government inaugurated in Brazil in March 1985, following twenty-one years of military rule, is the culmination of a slow process of liberalization that has brought greater freedom of political expression, organization, and activity. How the Sarney government responds to the challenges it faces and the institutional choices it must make will shape Brazil's political evolution for years to come. Should Brazil develop a democratic system, it would be the third most populous democracy in the world. Political trends in Brazil are therefore of considerable significance to Latin America and the United States. In this comprehensive analysis of the forces pushing democratization forward, those opposing it, and the contradictions created by the ad hoc nature of the dynamics between the two, the contributors examine the legacy of two decades of authoritarian rule, the choices facing the civilian government, and possible future developments.

Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.