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POLI 243 Lecture 20 Notes

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POLI 243 Lecture 20 Notes

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McGill University (Mcgillu)
Course
POLI 243 (POLI)








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Institution
McGill University (Mcgillu)
Study
Political Science
Course
POLI 243 (POLI)
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Uploaded on
January 21, 2021
Number of pages
3
Written in
2018/2019
Type
Class notes
Professor(s)
Mark r brawley
Contains
Class 20

Subjects

  • poli 243
  • mcgill
  • poli sci
  • international politics
  • ir

Content preview

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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