Curso de Graduação em Economia
[[email protected]]
Course title: The Brazilian Crisis in Global Context
Professors: Matias Spektor and Oliver Stuenkel
INTENSIVE SUMMER COURSE
COURSE OBJECTIVES
This course analyzes Brazil’s ongoing political and economic crisis from an international
perspective. It begins by going back to Lula’s second term in office to ask core questions about
the Brazilian political system, its political economy, the relations between the State and the
private sector, and the role of both corruption and inequality in the run up to the 2008 global
financial crisis. The course then turns to Brazil’s management of that crisis, the end of the
commodities super-cycle, the collapse of the Doha Round of trade liberalization, the policy
choices of Brazil's main trade partners, and the emerging global norms governing banks and
international financial transactions that made the ‘Lava Jato’ (Car Wash) investigation possible.
By the end of the course we will also assess how the current state of politics and the economy
are shaping Brazil’s position in the international system.
METHODOLOGY
Matias Spektor will teach the first half of the course with a set of five lectures based on the
assigned readings and additional materials to be distributed in class. Oliver Stuenkel will teach
the second half with a focus on in-class debates, policy exercises, and the study of assigned
readings.
1
PROGRAM | CLASS-BY-CLASS
Date
1
(4 Jan)
Session
Lula’s Brazil in Global
Context
Reading
-
Andrew Hurrell, “Brazil in the New Global Order”,
Current History, 2010.
-
Tim J. Power, “Brazilian Democracy as a Late
Bloomer”, Latin American Research Review, Special
Issue, 2010, pp. 218-24.
http://lasa4.univ.pitt.edu/LARR/prot/fulltext/Vol45noSI/Power_
218-247_45-SI.pdf
-
André Singer, “Raízes Sociais e Ideológicas do
Lulismo”, Novos Estudos, 85, 2009, pp. 83-102.
http://www.scielo.br/pdf/nec/n85/n85a04.pdf
-
Lee J. Alston et al., “On the Brazilian Road to Good
Governance: Recovering from Economic and
Political Shocks”, in: Ernesto Stein et al (eds), The
Policymaking in Latin America: How Politics Shapes
Policies (Cambridge: Harvard University Press,
2008), pp. 111-153.
http://cepesp.fgv.br/sites/cepesp.fgv.br/files/On%20t
he%20road%20to%20good%20governance_0.pdf
-
Michael Reid, Brazil: The Troubled Rise of a Global
Power (New Haven: Yale University Press, 2016).
2
2
(5 Jan)
The Domestic Political
Roots of Brazil’s
International Position
-
Scott
Mainwaring,
“Multipartism,
Robust
Federalism, and Presidentialism in Brazil”, in
Mainwaring and Shugart, Presidentialism and
Democracy in Latin America (Cambridge University
Press, 1997).
-
Jeffrey W. Cason and Timothy J. Power,
“Presidentialization, Pluralization, and Rollback of
Itamaraty: Explaining Change in Brazilian Foreign
Policy Making in the Cardoso-Lula Era”,
International Political Sciences Review, 30 (2), 2—
9, 2009, pp. 117-140.
http://disciplinas.stoa.usp.br/pluginfile.php/115697/
mod_resource/content/1/International%20Political%
20Science%20Review-2009-Cason-117-40.pdf
-
Matias Spektor, 18 Dias (Rio de Janeiro: Objetiva,
2014).
3
3
(6 Jan)
4
(7 Jan)
-
Sérgio Lazzarini et al, “What do State-Owned
Development Banks Do?”, World Development, 66,
2015, pp. 237-253.
https://dash.harvard.edu/bitstream/handle/1/157865
65/lazzarini,musacchio,bandeira-demello,marcon_what-do-development-banksdo.pdf?sequence=1
-
Sérgio Lazzarini, Reinventando o Capitalismo do
Estado (São Paulo: Companhia das Letras, 2015).
-
Edmund Amann, “The Political Economy of the New
Left in Latin America “, in Hadi Esfahani et al
(eds.), Economic Development in Latin America
(New York: Palgrave; 2010), pp.233-254.
(https://www.escholar.manchester.ac.uk/uk-ac-manscw:113928)
The
International Political Economy of
Lula’s Brazil
Vinicius Carrasco et al, “A Década Perdida: 2003 –
2012”, Texto para Discussão PUC-RJ, 60, 2015.
http://www.econ.pucrio.br/uploads/adm/trabalhos/files/td626.pdf
-
Daniela Campello and Cesar Zucco Jr. “Presidential
Success and the World Economy”, Sept 18, 2015.
http://www.fgv.br/professor/daniela.campello/files/C
ampelloZucco-JoP.pdf
State Capitalism
Brazilian Style: How it
Shapes Brazil’s
Position in the Global
Economic System
4
5
(8 Jan)
6
(11 Jan)
Corruption and
Inequality in
Contemporary Brazil
The Global Financial
Crisis in 2008 and its
Impact on Brazil
-
Marta Arretche (Org.), Trajetórias da desigualdade:
como o Brasil mudou nos últimos 50 anos (São
Paulo: UNESP, 2015).
-
Matthew M. Taylor, “Brazil’s Ebbing Tide”, Current
History, 113 (760), 2014, pp.57-63.
-
Sérgio Praça and Matthew M. Taylor, “Inching
Toward Accountability: The Evolution of Brazil's
Anti-Corruption Institutions, 1985–2010“, Latin
American Politics & Society, 56(2), 2014, pp. 27-48.
-
“Not Just Straw Men”, The Economist, Jun 18,
2009. http://www.economist.com/node/13871969
-
Daniel W. Drezner, “The Puzzle of Successful
Global Governance”, in: ___. The System Worked
(Oxford: Oxford University Press, 2014), pp.1-23.
-
Daniel W. Drezner, “Yes, the System Worked”, in:
___. The System Worked (Oxford: Oxford
University Press, 2014), pp.24-57.
-
Oliver Stuenkel, “Capturing the Spirit of a Decade
(2001-2006)”, in: ____.BRICS and the Future of
Global Order (London: Lexington, 2015), pp.1-8.
-
Oliver Stuenkel, “The Financial Crisis, Contested
Legitimacy, and the Genesis of Intra-BRICS
Cooperation (2006-2008)”, in: ____.BRICS and the
Future of Global Order (London: Lexington, 2015),
pp.9-24.
5
7
(12 Jan)
8
(13 Jan)
-
Otaviano Canuto. “The Commodity Super Cycle: Is
This Time Different?” The Economic Premise, 150,
June 2014.
http://siteresources.worldbank.org/EXTPREMNET/
Resources/EP150.pdf
-
“Why the commodities super cycle was a myth”,
The Financial Times, Aug 31, 2015.
http://www.ft.com/intl/cms/s/0/e7a9b59e-4caf-11e59b5d-89a026fda5c9.html#axzz3pjI79uLy
-
Jahangir Aziz and Steven Dunaway, “China’s
Rebalancing Act,” Finance and Development, 44(3),
September, 2007.
http://www.imf.org/external/pubs/ft/fandd/2007/09/a
ziz.htm
-
Marcelo de Paiva Abreu, “China’s emergence in the
global economy and Brazil”, Texto para Discussão
PUC-RJ, 491, 2005. http://www.economia.pucrio.br/PDF/TD491.pdf
The
end
of
the
commodity super cycle
and its impact on Latin
America / The rise and
fall of pre-salt
China’s
domestic
reforms and its effects
on Brazil
6
9
(14 Jan)
How the BNDESconstruction firm
connection shapes
Brazil’s external
relations
-
Ben Ross Schneider, “Big Business in Brazil:
Leveraging Natural Endowments and State Support
for International Expansion”, in: Leonardo MartínezDiaz and Lael Brainard (eds.), Brazil as an
Emerging Economic Superpower (Washington DC:
Brookings Institution Press, 2009).
-
Ben Ross Schneider. “Economic Liberalization and
Corporate Governance: The Resilience of Business
Groups in Latin America”, Comparative Politics,
40(4), 2008, pp.379-397.
http://www.jstor.org/stable/pdf/20434092.pdf?accep
tTC=true
-
Ben Ross Schneider, “Hierarchical Market
Economies and Varieties of Capitalism in Latin
America”, Journal of Latin American Studies, 41(3),
2009, pp. 553-575.
http://www.jstor.org/stable/pdf/27744166.pdf?accep
tTC=true
-
Kathryn Hochstetler, “The Renewed Developmental
State: The National Development Bank and the
Brazil Model”, The Journal of Development Studies,
49(11), 2013, pp.1484-1499.
http://www.tandfonline.com/doi/abs/10.1080/002203
88.2013.807503
7
10
(15 Jan)
-
Laura Gomez Mera, “Explaining Mercosur's
Survival: Strategic Sources of Argentine-Brazilian
Convergence”, Journal of Latin American Studies,
37(1),2005, pp. 109-140.
http://www.jstor.org/stable/3875911?seq=1#page_s
can_tab_contents
-
Marcelo de Paiva Abreu, Comércio exterior:
interesses do Brasil (Rio de Janeiro: Elsevier, 2007)
Changing the global
trade system: From
Doha to TPP
BIBLIOGRAPHY
Aside from the texts specified for each class, students are encouraged to make use of the
following online sources:



Daily News Brief (Council on Foreign Relations)
http://www.cfr.org/about/newsletters/index.html
The Economist
http://www.economist.com/
Post-Western World
http://postwesternworld.com
EVALUATION
Instructors will expect readings to be done before class. Students will submit two 1k-word
essays in response to questions distributed in class. Essay 1 due at the end of the first week;
essay 2 due at the end of the second week.
PROFESSORS’ EMAILS:
Matias Spektor: [email protected]
Oliver Stuenkel: [email protected]
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