Program:
Course:
Professor:
Term:
MPGI
Brazilian Economy
Antonio Carlos Manfredini da C. Oliveira
2nd semester 2014
Brazilian Economy course structure and syllabus will be essentially kept for 2015, although some
readings and eventually some topics may change.
Brazilian economy presents a broad introduction to the main characteristics
of the country.
It discusses some long run trends affecting Brazil and introduces structural
problems in the context of institutions and economic and political
dynamics. Changes in Brazilian social structure as well as issues
concerning sustainability, globalization as well as opportunities and
obstacles for businesses in Brazil are addressed.
Course Schedule (dd.mm)
1. 08/10
16:00hs
to
18:50:hs
Introduction to the course
Map of Brazil
Long run trends: Brazil Personal notes
Brazil: some broad characteristics and national agenda Thomas ch. 1
Additional readings:
Pinheiro, Armando Castelar e Fabio Giambiagi Por que o Brasil precisa de uma nova
agenda de reformas? In RM cap. 1
Pinheiro, Armando Castelar e Fabio Giambiagi A necessidade de enfrentar os
preconceitos in RM cap. 2
Pinheiro, Armando Castelar e Fabio Giambiagi Completando a transição de modelos de
desenvolvimento: o papel do Estado in RM cap. 3
Pinheiro , Armando Castelar e Fabio Giambiagi Sem clima para crescer: uma síntese dos
argumentos in RM cap. 11
Groups for term essay should be informed by the second session (Oct
17) essay theme should be defined. (Please send the information to my
email by the second session.) For each day of delay in providing the
required information the student will have 5 percentage points
subtracted from essay mark.
2. 15/10
Brazilian economic dynamics along time (in a nutshell)
16:00hs
to
18:50:hs Case study: Brazil: Embracing globalization?
Baer ch 3 and 4
Coes ch 7
Additional readings:
Delfim Netto Meio seculo de economia brasileira: desenvolvimento e restrição externa in
EBC cap. 9
Pinheiro, Armando C. por que o Brasil cresce pouco? In RB cap. 2
Cardoso, E. in FE cap 1
Reis, José Guilherme Reis e Andre Urani Uma visão abrangente das transformações
recentes no Brasil in RB cap. 1
Deadline for group and essay theme definition
Demographics, inequality and ascending middle class
3. 22/10
16:00hs
to
Thomas ch.2
18:50:hs Neri, M. New middle class
Neri, M. Poverty, inequality and stability
Race in Brazil
Bolsa familia
Additional readings:
World Bank Becoming old in an older Brazil
Neri, M. External shocks and the new middle class in Brazil
*Pinheiro, Armando Castelar e Fabio Giambiagi A nova reforma previdenciaria in RM cap.
6
Pinheiro, Vinicius Carvalho Reforma da previdência uma perspectiva comparada in RB
cap. 11
Paes de Barros, Ricardo e Mirela de Carvalho Desafios para a politica social brasileira in
RB cap. 18
Ramos, Lauro e Rosane Mendonça Pobreza e desigualdade de renda no Brasil in EBC
cap. 14
Ferreira, Sergio Guimarães e Fernando Veloso A escassez de educação in EBC cap. 15
*Schwartzman S. Educação: a nova geração de reformas in RB cap. 20
Ferreira, Sergio Guimarães E Fernando Veloso A reforma da educação in RM cap. 10
Urani, André, Construção de mercados e combate à desigualdade in RB cap. 21
*Cardoso, E. Dois e dois são cinco in FE cap. 7
Sustainability and energy (17:45-18:50)
Thomas ch. 4
16:00hs Biofuels in Brazil
to
Case study: Can Florida orange growers survive globalization
18:50:hs Deforestation in Brazil
4. 29/10
Additional readings:
Viana, Virgilio M. Sustainable development in practice
Environment and its legal protection
Presentation
Brazilian perspective on environment issues: issues and policies
5. 05/11
16:00hs
to
18:50hs
Trade and productivity
Case study: Brazil confronts an interdependent world
Productivity Thomas ch. 3
Bacha Fishlow recent commodity price boom and Latin American Growth: more
than new bottles for an old wine?
Education in Brazil
Vale global expansion A B
Presentation
Dutch disease in Brazil
6. 12/11
FDI and Doing Business in Brazil - World Bank
16:00hs Institutions and governance Thomas ch 5
to
Lula and Mephistopheles – Gall
18:50:hs Effective taxes in Brazil
EIU Investments in Brazil
Note on privatization
Presentation:
Corruption
7. 19/11
Natural rsources and comparative advantage
16:00hs Case Study: EMBRAPA
to
18:50:hs Education and competitive advantage
Case study: EMBRAER
Hausmann In search of the chains that hold Brazil back
Suggested readings:
Australia: The riches and challenges of commodities
Farmland investment note
Presentation
Middle income trap?
8. 26/11
Pending reforms and the way ahead. Brazil and the BRICs
16:00hs Thomas ch 6
to
Thomas ch.7
18:50:hs Dreaming with BRICs Goldman Sachs
When giants slow down
Brazil´s enigma
FHC on the future of Brazil
Term Paper due
03/12
Final Exam on WEDNESDAY
16:00hs
to
18:50:hs
Data on Brazil
www.ipeadata.gov.br
www.ibge.gov.br
www.worldbank.org
www.imf.org
Background readings (not required)
Abreu, Marcelo de Paiva et al. A ordem do progresso Cem anos de Política republicana 18891989 Campus 1990
Fausto, Boris, Historia do Brasil Edusp 1994
Fishlow, Albert Starting over: Brazil since 1985 Brookings Institution Press, 2011.
Faoro, R. Os donos do poder 2 vols. Editora Globo
Goldschmidt, Raymonhd N. Brasil 1850-1984 Desenvolvimento financeiro sob um século de
inflação Harper and Row (1986)
Krugman, Paul Pop internationalism (on countries´ competitiveness)
Lisboa, Marcos de B. Menezes Filho, Naércio (orgs) (2001) Microeconomia e Sociedade no
Brasil FGV (2001) – technical papers covering social problems in Brazil
Schleifer, A. and Vishny, Robert M. The Grabbing Hand: Government Pathologies and their
Cure. Harvard University Press, 1998 chpts 4 and 9
Skidmore, T.E. (1998) Uma história do Brasil. Paz e Terra (also available in the English
original).
Required Readings
With the possible exception of Thomas - see below - required readings are available from the
course reading package (exceptionally electronically from e-Class)
Bacha, Edmar and Fishlow, Albert. Recent commodity price boom and latin American Growth:
more than new bottles for an old wine, 2010
Baer, Werner, The Brazilian Economy Growth and Development. 4th ed. Praeger, 1995 (there is
also a 5th edition available with 2 additional chapers on Real Plan and Banking privatization ann
restructuring)
Baer, Werner, A Economia Brasileira, Nobel, 1996.
Cardoso, Eliana Fábulas Econômicas FT Prentice Hall Pearson Education 2005 FE
Coes, Donald V., Macroeconomic Crises, Policies, and Growth in Brazil 1964-90. The World
Bank, 1995.
The Economist, Business and finance in Brazil Nov 2009
Gall, N. Lula and Mephistopheles Fernand Braudel Institute
Goldman Sachs Dreaming with BRICs: the path to 2050
Hausmann, Ricardo In search of the chains that hold Brazil back Denter for International
development Harvard University 2008
McKinsey Eliminando as barreiras ao crescimento econômico e à economia formal no Brasil
McKinsey The Key to an accelerated development path for Brazil
Neri, M. New middle class, FGV
Neri, M. poverty inequality ans stability, FGV
Thomas, Vinod From inside Brazil: development in a land of contrasts World Bank
Publications
World Bank Doing Business in Brazil
Additional readings
Bacha, E. e Schwartsman, S. Brasil: a nova agenda social, LTC, 2011 NAS
Giambiagi, Fabio, José Guilherme Reis e André Urani (orgs.) Reformas no Brasil: balanço e
agenda Nova Fronteira 2004 RB
Giambiagi et al (orgs.) Economia Brasileira Contemporânea (1945-2004) Campus Elsevier
2005 EBC
Pinheiro, Armando Castelar e Fabio Giambiagi Rompendo o marasmo: a retomada do
desenvolvimento no Brasil Campus Elsevier 2006 RM
Viana, Virgilio M. Sustainable development in practice International Institute for Environment and
Development 2010
World Bank Becoming old in an older Brazil: implications of population aging on growth, poverty, public
finance and service delivery 2011, April
Assessment
 20% presentation
 40% term essay (groups of 5 students; exceptions only if required by arithmetic constraints,
given the number of students enrolled in the course)
 40% final exam