Luiz Carlos Bresser-Pereira
Revista de Economia Política 3(2), abril-junho 1983: 103-130. Cuadernos em Marcha IV(24), dezembro-novembro 1983 (1a.parte); V(25), janeiro-fevereiro 1984 (2a.parte). Reproduzido na 14a. edição de Desenvolvimento e Crise no Brasil: 1930-1983.
Analysis of the Brazilian economy between 1970 and 1982, focusing on its cyclical nature. After a short analysis of the economy´s expansion up to 1974, the author discusses alternative theories for the reversion of the cycle. With the subsequent slowdown of economic growth we have inflation and an explosive increase in the foreign debt. Finally the article analyses the 1981-1982recession, and the underlying distributive crisis.
