Estratégias de crescimento e desenvolvimento: ciclos e crises da economia brasileira entre 1999 e 2014

Abstract

The main objective of this study, based on the economic literature, was to understand Brazilian economic and social development from 1999 to 2014, under the inflation targeting regime. For this, the evolution of the economic thought from Adam Smith to the consolidation of the phenomenon of the economic development as specific subject of study of the economic science was presented. The study was carried out with an extensive bibliographical research, seeking the contribution of several economists, in order to highlight the economic theories that underpin the economic development policies, as well as the theoretical framework of the regime of inflation targets. One of the relevant aspects of this study was to identify the differentiation between growth and economic development. In addition, the study sought to demonstrate the Brazilian development experience from 1999 to 2014, under a form of conducting the specific monetary policy, called the inflation targeting regime. The study sought to evaluate economic policies from the fiscal, monetary, social and commercial perspectives to base and compare the political cycles between 1999 and 2014.