{"id":2363,"date":"2017-05-29T08:35:12","date_gmt":"2017-05-29T07:35:12","guid":{"rendered":"http:\/\/blogg.lnu.se\/china-research\/?p=2363"},"modified":"2017-05-29T09:03:46","modified_gmt":"2017-05-29T08:03:46","slug":"will-brazil-ever-learn","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=2363","title":{"rendered":"Will Brazil ever learn?"},"content":{"rendered":"

In 2016, Brazil has been affected by serious worries again. Last year, then president Dilma Rousseff was kicked out of office. GDP shrank by 3.6 percent, after a decline by 3.8 percent in 2015 \u2013 indeed a sharp recession. The annual budget deficit amounted to 9 percent of GDP. The need of major structural improvements became therefore very urgent.<\/p>\n

For this reason, Rousseff\u2019s conservative successor Michel Temer launched an economic reform programme but is now obviously confronted with major obstacles \u2013 obstacles that are directly tied to the president himself, the social consequences of the implemented and planned fiscal austerity measures (spending limit in real terms in the forthcoming two decades), and \u2013 above all – his suspected involvement in a dramatic corruption scandal. Bribery allegations are always serious.<\/p>\n

Also the \u201ctiming\u201d of Brazil\u2019s new crisis is not encouraging since Brazil these days most probably was\/is about to leave its long-lasting recession. In the past few weeks, a slight improvement of confidence in the future could be noted again. In vain?<\/p>\n

To give an answer to this question urges for more political clarification and details we still do not know anything about. Here we get to another example of the intensifying link between politics and macroeconomic developments. Thus, it is crucial that economists\/financial analysts are willing to improve their understanding of political events and trends substantially.<\/p>\n

Exactly one year ago \u2013 before the impeachment against then president Dilma Rousseff – I wrote the following lines on this page:\u201d\u2026 Brazil remains unable to achieve sustained good economic growth\u2026It is really an up-and-down economy\u2026This distorting phenomenon will not be wiped out before Brazil really can manage far-reaching and continuous reforms regarding a broad and good human capital formation, better institutions and a fairer distribution of income \u2013 accompanied by more effective and future-oriented political leaders all over the country\u2026\u201d.<\/p>\n

Also now \u2013 before a possible impeachment against Rousseff\u2019s successor, the unpopular Michel Temer \u2013 these lines are applicable. This will be the case as long as Brazil\u2019s political leaders neglect the obvious correlation between well-working institutions and sustained economic growth. They should try to understand and apply the conclusions of Douglass North, Daron Acemoglu, and other institutional economists. According to North, institutional research also includes tradition and habits, both good ones and bad ones. Corruption can hereby serve as very important example for bad institutional conditions.<\/p>\n

Unfortunately, the applied question remains in place: Will Brazil ever learn?<\/p>\n

 <\/p>\n

\"\"<\/p>\n

Hubert Fromlet<\/em><\/strong>
\n<\/em>Affiliate Professor at the School of Business and Economics, Linnaeus University
\nEditorial board<\/a><\/p>\n

 <\/p>\n

Back to Start Page<\/a>
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In 2016, Brazil has been affected by serious worries again. Last year, then president Dilma Rousseff was kicked out of office. GDP shrank by 3.6 percent, after a decline by 3.8 percent in 2015 \u2013 indeed a sharp recession. The annual budget deficit amounted to 9 percent of GDP. The need of major structural improvements […]<\/p>\n","protected":false},"author":174,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18943],"tags":[],"class_list":["post-2363","post","type-post","status-publish","format-standard","hentry","category-brazil-and-mexico"],"acf":[],"yoast_head":"\r\nWill Brazil ever learn? - China Research<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blogg.lnu.se\/china-research\/?p=2363\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Will Brazil ever learn? - China Research\" \/>\r\n<meta property=\"og:description\" content=\"In 2016, Brazil has been affected by serious worries again. Last year, then president Dilma Rousseff was kicked out of office. GDP shrank by 3.6 percent, after a decline by 3.8 percent in 2015 \u2013 indeed a sharp recession. The annual budget deficit amounted to 9 percent of GDP. The need of major structural improvements […]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/blogg.lnu.se\/china-research\/?p=2363\" \/>\r\n<meta property=\"og:site_name\" content=\"China Research\" \/>\r\n<meta property=\"article:published_time\" content=\"2017-05-29T07:35:12+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2017-05-29T08:03:46+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/image.lnu.se\/image.ashx?id=117818&w=110\" \/>\r\n<meta name=\"author\" content=\"Hubert Fromlet, Kalmar\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hubert Fromlet, Kalmar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/?p=2363\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?p=2363\",\"name\":\"Will Brazil ever learn? - China Research\",\"isPartOf\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\"},\"datePublished\":\"2017-05-29T07:35:12+00:00\",\"dateModified\":\"2017-05-29T08:03:46+00:00\",\"author\":{\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogg.lnu.se\/china-research\/?p=2363\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#website\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/\",\"name\":\"China Research\",\"description\":\"A discussion forum on emerging markets, mainly China \u2013 from a macro, micro, institutional and corporate angle.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5\",\"name\":\"Hubert Fromlet, Kalmar\",\"url\":\"https:\/\/blogg.lnu.se\/china-research\/?author=174\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Will Brazil ever learn? - China Research","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogg.lnu.se\/china-research\/?p=2363","og_locale":"en_US","og_type":"article","og_title":"Will Brazil ever learn? - China Research","og_description":"In 2016, Brazil has been affected by serious worries again. Last year, then president Dilma Rousseff was kicked out of office. GDP shrank by 3.6 percent, after a decline by 3.8 percent in 2015 \u2013 indeed a sharp recession. The annual budget deficit amounted to 9 percent of GDP. The need of major structural improvements […]","og_url":"https:\/\/blogg.lnu.se\/china-research\/?p=2363","og_site_name":"China Research","article_published_time":"2017-05-29T07:35:12+00:00","article_modified_time":"2017-05-29T08:03:46+00:00","og_image":[{"url":"https:\/\/image.lnu.se\/image.ashx?id=117818&w=110"}],"author":"Hubert Fromlet, Kalmar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hubert Fromlet, Kalmar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/blogg.lnu.se\/china-research\/?p=2363","url":"https:\/\/blogg.lnu.se\/china-research\/?p=2363","name":"Will Brazil ever learn? - China Research","isPartOf":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#website"},"datePublished":"2017-05-29T07:35:12+00:00","dateModified":"2017-05-29T08:03:46+00:00","author":{"@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogg.lnu.se\/china-research\/?p=2363"]}]},{"@type":"WebSite","@id":"https:\/\/blogg.lnu.se\/china-research\/#website","url":"https:\/\/blogg.lnu.se\/china-research\/","name":"China Research","description":"A discussion forum on emerging markets, mainly China \u2013 from a macro, micro, institutional and corporate angle.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogg.lnu.se\/china-research\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogg.lnu.se\/china-research\/#\/schema\/person\/7dbc3e79d44dfa0d6bb4e1f625ad2ae5","name":"Hubert Fromlet, Kalmar","url":"https:\/\/blogg.lnu.se\/china-research\/?author=174"}]}},"_links":{"self":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/users\/174"}],"replies":[{"embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2363"}],"version-history":[{"count":3,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2363\/revisions"}],"predecessor-version":[{"id":2366,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=\/wp\/v2\/posts\/2363\/revisions\/2366"}],"wp:attachment":[{"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogg.lnu.se\/china-research\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}