A CRITIC VIEW OF THE PERFORMANCE OF THE BRAZILEAN ECONOMY IN THE GLOBALIZATION PROCESS (1991 – 2006)

Abstract

The last 15 years implied the need to carry out major changes in the Brazilian economic policy. As a measure to stop the upgrowing inflation and to promote the slow economic growth and development that prevailed through the decade of the eighties, in the nineties the governments decided to adopt a policy based in the fiscal settlement, privatizations, regulation and, particularly, commercial liberalization. Notwithstanding, global results obtained in Brazil in the last 15 years are ambivalent. In one side, the country became more competitive, internationally speaking, and, particularly, to be considered an emerging power.