Privatization is a controversial subject in Brazil. It has been so for a while. After the Petrobras scandals, the interest of the public role in the economy remains active. Vale is an historical case. Privatized in 1997, the company has evolved into the 2nd largest mining group. In this perspective, I presented a paper in the QuintoContinue reading “State reform and the privatization of a Brazilian champion: the case of Vale”
Tag Archives: Economy
Brazil on the World Economic History Congress (Kyoto 2015)
Economic historians from around the world met in Kyoto from 3 to 7 of August. As a major event, it is a good thermometer on what is driving the attention of the academic community. How did Brazil do? Taking an objective approach, we realize that Brazil leads the interest in Latin America, as it would beContinue reading “Brazil on the World Economic History Congress (Kyoto 2015)”
Bradesco sees Brazilian GDP contracting -2,0% in 2015
Bradesco, one of Brazilians leading banks, just revised the Brazilian real GDP growth forecast to -2.0% in 2015, from -0.7%. Changes reflect the worsening outlook for interest rates and inflation. They are also revising 2016 GDP estimate to 0.8%, from 1.4%. At the beginning of the year, consensus was still at a positive level (0.5%). ThatContinue reading “Bradesco sees Brazilian GDP contracting -2,0% in 2015”
Why Rousseff’s Minister of Finance comes from her opponent’s team?
Joaquim Levy, Brazil’s new Minister of Finance was not long ago working for Aecio Neves, Dilma Rousseff’s rival in the presidential elections. Neves commented Levy’s nomination by saying that “it is the same as nominating a CIA agent to run the KGB”. Why on earth would president Rousseff appoint him Minister of Finance? Journalist Miriam LeitãoContinue reading “Why Rousseff’s Minister of Finance comes from her opponent’s team?”
The global economy How to stop a currency war
Mr. Mantega of Brazil in late September referred to “currency wars.” “IN RECENT weeks the world economy has been on a war footing, at least rhetorically. Ever since Brazil’s finance minister, Guido Mantega, declared on September 27th that an “international currency war” had broken out, the global economic debate has been recast in battlefield terms,Continue reading “The global economy How to stop a currency war”
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