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The thought of Antônio Delfim Netto and the Brazilian economic miracle (1968-73)

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Author(s):
Felipe Marineli
Total Authors: 1
Document type: Master's Dissertation
Press: São Paulo.
Institution: Universidade de São Paulo (USP). Faculdade de Filosofia, Letras e Ciências Humanas (FFLCH/SBD)
Defense date:
Examining board members:
Alexandre de Freitas Barbosa; Vera Alves Cepêda; Alvaro Augusto Comin; Fernando Monteiro Rugitsky
Advisor: Alexandre de Freitas Barbosa
Abstract

Our study aims to systematically and critically analyze Antônio Delfim Nettos thought, an Economist, Professor and public figure, and interweave his thought and political action with the political and economic context in Brazil in the 1960\'s. This investigation starts by the analysis of essential elements that made the Brazilian industrialization possible in its different phases, from the 19th century to the 1960\'s, as well as some of the most important exponents of the ideological debate regarding the Brazilian development between the 1930\'s and the 1960\'s. We then examine Delfim Netto\'s thought in its internal logic, aiming to retrieve the fundamental elements of his intellectual production up to the 1980\'s. This exam reveals that the main categories of Delfim Netto\'s intellectual production are development and planning, which are vital to his interpretation of underdevelopment. He conceives that underdevelopment arises from insufficiencies in the field of capital accumulation, which leads to his key view that the Brazilian society would have to carry out a conscious effort to maximize the profit rates and direct more resources to the production process through the tax system, and political coercion when necessary. Planning has the role of foreseeing and overcoming the most important obstacles in the economy before they become a blocking factor to the development, whilst politics is an intervening variable that gives meaning to Delfim Nettos mathematical models. Considering the historical processes and Delfim Nettos theoretical constructions, we analyze his ascension to determining political institutions during the Brazilian military dictatorship (1964-85), when he had the unique opportunity of putting his interpretations into practice. The suspension of the political arena, which was accomplished through the Institutional Act n. 5 (AI-5), delivered the possibility of direct negotiation, without mediation, between the planners and the actors that were considered relevant to the Brazilian development. During Delfim Nettos office as a minister for the Economy and Finance (1967-74), the Brazilian economy grew along with declining inflation and external balance through income redistribution from the poorer to the richer, credit expansion to the qualified working force for the consumption of durable goods, and massive inflow of external funds. This process was thereafter named Brazilian economic miracle (1968-73). Fast economic growth, prohibition of the public debate, repression, and political consent among the political leaders converged remarkably. Delfim Nettos economic thought provided substance to this national program. (AU)

FAPESP's process: 14/25609-0 - The developmentalism of Delfim Netto and the Brazilian economic miracle (1968-73)
Grantee:Felipe Marineli
Support Opportunities: Scholarships in Brazil - Master