Lula da Silva's Brazil: a genuine third way and NEM for the Latin American continent?

Alvaro Jaspe

    Research output: Contribution to journalArticle

    Abstract

    Whenever the BRIC nations are mentioned, arguably the one most often overlooked by English language sources is the one with the greatest hemispheric influence, Brazil. Athough Evo Morales in Bolivia and Hugo Chávez in Venezuela may grab the most news headlines with their policies of indigenism or 21st Century Socialism respectively, it is Lula’s Brazil, given its size and economic importance which many in and outside the American continent perceive as being the new role model post Washington Consensus, for the developing nations of the region, striking a balance between social reform, State intervention of the economy, and free market policies. When Lula Inacio da Silva of the Workers’ Party (PT) was first elected President by an overwhelming majority of Brazilians in November 2002, the financial markets and Western economic media reacted with fear. Six years on, his blend of policies have reduced poverty, caused a split within his own party, and made Brazil a safe haven for foreign investment ($35billion in 2008 alone) in these turbulent economic times. This paper would propose to examine the Lula ‘third way’ effect on Brazil and would hopefully seek to address one of the main themes of the conference, can the BRICS, in this case Brazil, regenerate capitalism, albeit in a paternalistic form?
    LanguageEnglish
    Pages105-115
    JournalDevelopment Studies Association Bulletin
    VolumeSeptem
    Publication statusPublished - 30 Sep 2009

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    Third Way
    Brazil
    workers' party
    economics
    sales policy
    social reform
    Bolivia
    Venezuela
    role model
    financial market
    socialism
    foreign investment
    English language
    capitalist society
    president
    news
    poverty
    anxiety
    economy

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    Lula da Silva's Brazil: a genuine third way and NEM for the Latin American continent? / Jaspe, Alvaro.

    Vol. Septem, 30.09.2009, p. 105-115.

    Research output: Contribution to journalArticle

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