Global turmoils of diverse nature - economic, political, pandemics, and environmental - have become frequent and cumulative in the environment of contemporary government policies since the mid-2000s. In Brazil, economic recession, crisis of political representation, reforms, misadjustments and...

Global turmoils of diverse nature - economic, political, pandemics, and environmental - have become frequent and cumulative in the environment of contemporary government policies since the mid-2000s. In Brazil, economic recession, crisis of political representation, reforms, misadjustments and...

The periods of fast growth in the Brazilian economy from the post-war until the end of the 1970s have been constrained by imbalances in the foreign sector. We propose in this paper a model, based on Kaldor, where capital accumulation, technological gap and long run external constrain are...