Development on knife-edge. Economy and labor in Brazil; 1995-2014

Abstract

We examine the evolution of the Brazilian economy and its impacts on labor in two different periods, 1994-2002 and 2003-2014, when two contrasting economic projects were carried on. The analysis of the macroeconomic results and their impact on inequality and living conditions during those twenty years allows us to say that neoliberalism was confronted, albeit incompletely. Inequality was diminished and for more than ten years the benefits of growth reached the whole social structure. Thus, recent history proves the need for state intervention at the center of the process of economic development, alongside with sustained efforts to reduce the inequalities gap that exists in the country.  Recent events show that political education and popular participation should also be part and parcel of a progressive set of economic and social policies aimed to put Brazil on a path of sustainable development.