Brazil, once a model pupil in terms of economic development, has had quite a bad press for several months. Demonstrations against austerity types to street battles with police, man who brought Olympic Games to Rio, is accused of corruption and incumbent President Michel Temer will be corruption and establishment of a criminal association Accused. Former President Luiz Inácio Lula da Silva is also accused of corruption.
Far away, glorious time seems as Economist prophesied a few years ago that Brazil would "go through", and International Monetary Fund praised country as a "leading player on stage of economy".
Regardless of corruption allegations against Lula – he denies m – he and his successor, Dilma Rousseff, have ruled a Brazil that has become a model for economic development. Between Lula's inauguration of 2003 and Rousseffs revocation 2016, poverty rate in country fell sharply.
20 million Brazilians were brought out of povertyThis is also attributed to program Bolsa Familia, which gave poor families additional money on condition that ir children attended school and participated in state vaccination program. After a massive expansion of universities, enrolments increased by 90 percent between 2003 and 2010. Literacy attained its highest level.
About 20 million Brazilians were brought from poverty between 2002 and 2010. The minimum wage increased from 200 Brazilian Reais in year 2003 to 880 Reais in year 2016. As a result, millions of poor people were consumers who had money to spend, and economy continued to boost. The government pursued a strategy of economic development that brought internal market to centre.
In addition to ambitious domestic policy agenda, country also took on a more active world political role and was involved in international fora such as World Trade Organisation, G20 and BRICS. Trade also changed significantly: In year 2009, 57 percent of Brazilian exports went to non-OECD countries, compared with 38.5 percent in year 2002.
Jason HansonIs deputy head of office of Friedrich Ebert Foundation in São Paulo, Brazil.
But a year after impeachment process that Dilma Rousseffs Presidency has put an end to, Brazil is now again sinking into poverty and mismanagement. The successes from years 2003 to 2015 are reversed by a president who dances after whistle of financial people and landowner elite.
The current president, Michel Temer, has not been elected and has an approval rate of not even nine percent. This does not stop him from bringing a whole series of retrograde measures into Parliament, such as weakening of slavery definition, abolition of land ownership schemes for indigenous peoples and sale of State property.
Date Of Update: 05 October 2017, 12:06
