First published in 1982, this work offers an analysis Brazil's
long-term economic history and development, spanning the period
from independence to post-war industrial growth. The book focuses
upon the classic problem of why Brazil failed to develop
economically during the nineteenth century in a manner similar to
the United States and other regions of recent settlement. This
volume discusses in detail the principle features of Brazil's
economic landscape between 1822 and 1947, containing special
coverage of topics such as slavery and the elastic supply of low
cost labour from overseas; the inelastic supply of domestic output;
the critical importance of the domestic agricultural sector and the
lack of low-cost transportation; the reasons for the failure of
international trade to act as an engine for generalized economic
development; the special importance of economic infrastructure and
public finance for the onset of sustained economic growth and
structural change; and the central features of Brazilian
development and industrialisation in the first half of the
twentieth century.
General
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