Brazil got a tragic economic history. From the end of the empire up until the 1930s we were basically stalled under a kleoptocratic oligarchic republic that kept Brazil as a coffe economy backwater. From 1930 until 1964 Brazil did had a national project led by the populists, that resulted on the brazilian economical school that is called "National developmentalist", that prompted Brazil to be the 12th economy in the world in 1964, but the coup happened, and after a short stagnation the civic-military dictatorship took massive loans to create a artificial economic boom called "The economic miracle" that went from 1968 until 1974. At the time Brazil was the seventh economy in the world, Brazilian goods were showing up in other countries, brazilian cars were sold pretty much anywhere (if you are a american and had a VW beetle or a Karman Ghia, it most likely was built in Brazil), but then things crashed down. The economical plan PND made by the civic-military dictatorship scrapped the social programs of the populist era and changed from a stable progressive growth into a massive initial boom with unseen levels of wealth concentration to be followed by a crash that placed Brazil in a situation even worse than before the coup, the Favelas exploded during the dictatorship and with the media censored the corruption that always had been present, became a chronical problem to the point that basic services like the police were so corrupted that they couldn't properly work, prompting a rise on mortality rates and criminality.
Something I must let clear is that I'm not a economist, I'm a student of diplomacy and so this is what I learned on the classes about the brazilian history, all right? Let's proceed.
Let's say that the coup doesn't happen or it is aborted, something that could have been easily done without the US support as the new historiography noticed that Jango had over 70% approval. The National developmentalist plan continues trying to anchieve a sane amount of growth while the PTB-PSD coalition keeps ruling well into the late 70s, the standart of living continues steadily increasing while the social policies to reduce the favelas are completed, with Brazil reaching the G8 in the mid-late 90s. Under this scenario how Brazil would be seen by the rest of the world?
By the way, there is this brazilian article about the difference of the growth before and after the 1964 coup, it is one of my source. And before anyone asks, I know that Brazil reached the sixth largest economy in the world in 2012, even surpassing the UK, but it was shortly lived and the chronical social problems hindered it.
Something I must let clear is that I'm not a economist, I'm a student of diplomacy and so this is what I learned on the classes about the brazilian history, all right? Let's proceed.
Let's say that the coup doesn't happen or it is aborted, something that could have been easily done without the US support as the new historiography noticed that Jango had over 70% approval. The National developmentalist plan continues trying to anchieve a sane amount of growth while the PTB-PSD coalition keeps ruling well into the late 70s, the standart of living continues steadily increasing while the social policies to reduce the favelas are completed, with Brazil reaching the G8 in the mid-late 90s. Under this scenario how Brazil would be seen by the rest of the world?
By the way, there is this brazilian article about the difference of the growth before and after the 1964 coup, it is one of my source. And before anyone asks, I know that Brazil reached the sixth largest economy in the world in 2012, even surpassing the UK, but it was shortly lived and the chronical social problems hindered it.