The external sector of the Brazilian economy during and after the Real Plan
Abstract
This article analyzes the external sector of the Brazilian economy during and after the “Real Plan”. This analysis emphasizes variables such as the exchange rate and trade balance. The “Real Plan, which was implemented in Brazil from 1994 to 1999, successfully controlled inflation from the 1980s. However, there was an increase in public debt, net external liabilities and unemployment. Brazil started to have deficits in the trade balance, faced a stagnation in its gross domestic product and a decline in the external sector.
Key words: Real plan, trade balance, economic development
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