Integração, ciclos e finanças domesticas : o Brasil na globalização financeira / Integration, cycles and domestic financial relations : Brazil and the financial globalization

AUTOR(ES)
DATA DE PUBLICAÇÃO

2007

RESUMO

This thesis faces the broad issue of peripheral countries integration to the financial globalization, and the specific goal is to analyze its effects to external situation of Brazilian economy, as well as to domestic financial relations. The work is concerned, in a first part, with the theoretical debate (in its conventional variants with a critical focus; in the alternative literature looking for better explanations). In a second part, the aim is to describe the events in the period since the 1990s. Coherent with the broad conception against the financial openness and total freedom to market forces as the better way to economic development to a country like Brazil, the main idea of the thesis could be summarized as follows: the submission of domestic financial relations to international liquidity cycles (which manifest the negative characteristics of contemporary financial and monetary order) does not solve our historical handicaps in this field - mainly because the link have been done mostly by way of the capital markets. On the contrary, this link, even without crisis or other difficulties, seems to reinforce some of the mechanisms that hinder the recapture of the Brazilian sustainable development.

ASSUNTO(S)

politica financeira mercado de capitais globalization capital flows capital market political system globalização - brasil liquidity (economics) liquidez (economia) fluxo de capitais

ACESSO AO ARTIGO

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