Was Brazil’s recent growth acceleration the world’s most overrated boom? by José Gabriel Palma published by University of Cambridge. “…An extreme example of this phenomenon is post-1982 Latin America, where the core of the discourse that followed ended up simply emphasising the need to reverse as many aspects of the previous development strategy as possible. This helps to explain the peculliar set of priorities, the rigidity and the messianic attitude with which the reforms were implemented in Brazil, as well as their poor outcome.”
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