The 1985 elections in Brazil returned South America's largest country to democratic rule after two decades of military government. But the Sarney administration faces substantial economic and political challenges: over a 250 percent annual inflation rate, a foreign debt of more than $115 billion, and over a 20 percent unemployment rate. This collection of essays by distinguished Brazilian and U.S. scholars and representatives of both the Sarney and Reagan administrations features the first penetrating analysis of Brazil's economic prospects and its monetary program. Contributors exam ine Brazil's debt crisis, foreign investment, and the balance of trade, giving particular attention to relations between Brazil and the United States. In addition, they review Brazilian politics from a historical perspective, analyze the process of political transition, and explore what redemocratization means for the future.
Table of Contents
Letter from the Americas Society's President -- Foreword: Brazil's Place in the 1980s -- Introduction: Brazil's Economic and Political Future -- The Brazilian ''Miracle'' and Brazil's Foreign Debt -- Brazil's Economic Stabilization Plan: An Analysis -- Brazil and the Banks -- Latin America's Debt: A Reform Proposal -- Inflationary Inertia and Monetary Reform: Brazil -- Macroeconomic Policymaking in a Crisis Environment: Brazil's Cruzado Plan and Beyond -- Foreign Debt Servicing and Economic Growth -- High Technology Versus Self-Reliance: Brazil Enters the Computer Age -- Private Sector Connection to Development -- The Dynamics of Today's Brazil -- Brazil's Trade: A View from the South -- The Political Structure in the New Brazil -- Brazil: A President's Story -- The Brazilian Democratic Movement Party (PMDB) After the Cruzado Plan -- Brazil: Economic Crisis and Policy Options -- Military and Political Transition -- Political Parties in the New Brazil: The Liberal Front -- Elections and Redemocratization in Brazil During the 1980s -- Possible Political Pacts After Redemocratization -- Brazilian Elections in the 1980s: Transition or Transformation -- The Transition to Democracy in Brazil -- Transition Without Rupture: Parties, Politicians, and the Sarney Government -- Women, Redemocratization, and Political Alternatives -- The Church and Politics in Transition: Commitment and Analysis -- Brazil's Foreign Policy and Foreign Relations -- Origins of the New Republic's Foreign Policy -- Brazil's Foreign Policy in the New Republic -- Brazil and the United States: Friendly Competitors -- Brazilian-U.S. Relations -- Epilogue