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Brazil Economy Essay

1474 Words6 Pages

Brazil’s Economic problem prior to 2000 and Evidences:

During the early 1990s the Brazilian economy was in shambles with the shrinking of the economy in three out of the previous six years. Inflation had not sunk below 100% since 1982 and topped again with a 2,477% in 1993. During this period of time since the pricing and the markets were so unstable that shopkeepers would change prices in the morning, the afternoon and the evening to adjust the price. To curb this the Brazilian government initiated the Real Plan in 1994, named after the new currency created. (The Economist, 2014)

After the introduction of this plan Brazil saw a certain level of stability with the price stability that was created with the formation of the new currency. …show more content…

Though only slowing down due to the 2009 crisis and even then bouncing back. Similarly we see that debt has been decreasing since 2002 at a very consistent rate.

(Nunes & Peres, 2013)

Alternatives and Tradeoffs:

Prior to the implementation of the Fiscal Responsibility Law in 2000, the major Fiscal law implemented by Brazil was the Real Plan, an interesting venture into the creation of currency to stabilize the economy. In the problem aspect of this paper we described the economic state of the country when the Real Plan was implemented. With the creation of new notes and coins
Works Cited
The Economist. (2014, July 3). The Real Plan: The Echoes of 1994 . The Economist Carvalho, C., Fernando, J., & Pires deSouza, F. E. (2011). Brazil In the 2000s: Financial Regulation and Macroeconomic Stability. ITF . www.v-brazil.com. (n.d.). www.v-brazil.com. Retrieved January 2015, from www.v-brazil.com: www.v-brazil.com/government/laws/LRF.html
Lim, R. (2011, June 20 ). Brazil's Battle Against Inflation . Retrieved January 5, 2015, from www.soundsandcolours.com.
Republic, T. P. (2000). The Brazilian Fiscal Responsibilty Law . Ministry of Planning, Budget and Management of Brazil. World Bank

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