Abstract

MEDIALDEA, Bibiana. Structural Limits on Economic Development: Brazil (1950-2005). Prob. Des [online]. 2012, vol.43, n.171, pp.55-81. ISSN 0301-7036.

This article proposes that the reproduction of Brazilian underdevelopment is explained by a set of elements that operate as structural obstacles: we call them structural limits on economic development. First, an interpretative proposal is set forth to articulate the key variables that affect economic dynamics that either favor or hinder accumulation processes. Later, the specific circumstances of the Brazilian economy in the period from 1950-2005 are analyzed. The article touches on both the Brazilian economy's productive weaknesses as well as aggregate demand and income distribution. To conclude, these factors determine a restriction on internal savings. The relationship between these limits explains the reproduction of underdevelopment in the country.

Keywords : structural limits on economic development; accumulation process; Brazil.

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