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POLI 243 Lecture 20 Notes

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POLI 243 Lecture 20 Notes

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Lecture 20 - April 1st, 2019
Brazil’s Responses to the Debt Crisis of the 1980s
Experimenting with unorthodox measures
Luiz Pereira “A Turning Point in the Debt Crisis: Brazil. The US Treasury and the World Bank”




Background: Borrowing for Development

- Brazil followed ​Import-Substitution Industrialization (ISI)​ strategy
- Loans available in the 1970s
- Indebted Industrialization (​Frieden​)
- Important point: ​sovereign debt
- Smart to borrow if inflation high and interest rate low
- Conditions flip around 1980

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Political Science
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January 21, 2021
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2018/2019
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Class notes
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Mark r brawley
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Class 20
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