Columbia University, New York – March 2019.
In an exclusive interview with Brazil Talk, the Brazilian economist André Lara Resende shares his vision on:
– Fiscal Policy
– Beyond GDP
Ph.D. in Economics from the Massachusetts Institute of Technology, André Lara Resende was the Director of the Central Bank of Brazil, one of the members of the economic team that prepared the Plano Real, and former President of the National Bank for Economic and Social Development (BNDES).
By Nathaniel Archer Lawrence
[5 min read]
When I tell Brazilians I teach financial education, nearly without fail their first response is, “Oh, I need that.”
Brazil finds itself almost a decade into an existential economic crisis. The “social-democratic” darling of BRIC countries in 2010, Brazil has spent the better part of this decade suffering. From the deepest recession in a century to unending political corruption scandals, Brazilians were unprepared for such a financial challenge. This is exactly what financial education strives to correct – at least, on paper – and what Brazil needs. Continue reading “Brazil’s Complicated Relationship with Money”
This article is part of Brazil Talk’s 2018 Elections Series and is intended to give our readers a deeper understanding of the Brazilian political system, its complex electoral process and gather diverse perspectives and opinions on what the world should expect from Brazil in the upcoming months and the future of the country at the beginning of 2019.
By Daniela Campello
[5 min read]
One can hardly understand politics and policymaking in Brazil without considering the boom-bust cycles that are typical of South American economies. Brazil, like most of its neighbors, is a low-savings-commodity-exporting (LSCE) country. As such, its economic performance is highly determined by the behavior of two factors that are beyond government control: the prices of commodities that affect the country’s terms of trade, and U.S. interest rates that largely determine international inflows of capital.
Thus, the most favorable international scenario for Brazil occurs when commodity prices are high and U.S. interest rates are low. In these periods, abundant dollar inflows from trade and finance contribute to faster economic growth with relatively low inflation and boost fiscal expenditures. The worst scenario occurs when the opposite happens – when low commodity prices coincide with the high US interest rates.
Continue reading “Part 3 – 2018 Election Series: International Conditions, Economic Voting and the Context of the 2018 Brazilian Presidential Election”
By Caroline Tauk
[7 min read]
New York City is the largest and safest US metropolis. Per capita crime rates have been dropping since the mid-1990s. In 2017, the city recorded its lowest number of homicides since 1950: under 300 murders in a year. As a carioca, it’s difficult to avoid comparing these statistics with Rio de Janeiro, a city notorious for its high criminality rate. In 2016, the city of Rio had 1,909 violent deaths resulting from homicides, robberies and bodily injury followed by death. At the end of 2017, the entire state of Rio saw a record-setting 6,731 violent deaths. It seems that, in terms of public safety, the two cities are polar opposites: a crime rate at record lows on one hand and an alarmingly and increasing high crime rate in the other. The experience exchange between Brazil and the United States in this area is old. However, recent public safety data available at the police departments from the two cities shows that the debate remains as relevant as ever.
It is clear that Rio’s and Brazil’s context is peculiar. Despite a positive economic growth, on average, in the last decade, wealth and opportunity inequality is still considerable: in 2017, the richest 10% of the population concentrated 55% of the national income. Add to that political instability and low priority of criminal justice reform. Drug use by Brazilians is growing and much of Brazil’s violence and criminality are linked to organized crime. Further, a disproportionate number of young black men are arrested and prosecuted for diverse crimes: while 53% of the Brazilian population over 15 years declare themselves black, 64% of prisoners are black. Of every 100 homicides in Brazil, 71 are within the black population. Although socio-political factors are somewhat different, is it possible to learn from the American experience?
Continue reading “Public safety in NYC and Rio de Janeiro: parallel or poles apart?”
by Gustavo Macedo
[8 minute read]
On March 14th, less than a month into a federal military intervention that is supposed to fix the security crisis in the state of Rio de Janeiro, the brutal assassination of a Rio de Janeiro’s Councilwoman, Marielle Franco, has dragged new actors into an already intricate political situation – and this time they are international. The United Nations (UN), which had already been expressing concerns about the unfolding political situation, may now dive into the story head first.
The case of Marielle meets all the criteria for setting the UN machinery in motion. Politically, the great commotion that the story of Marielle’s murder generated nationally in Brazil earned it international political attention, including that of the UN, an organization that strategically chooses to focus its work on emblematic cases that can serve as examples of the fight for human rights around the world. Technically, the history of other recent similar cases killings in Brazil, the profile of the victim, the circumstances of the crime, its modus operandi and the allegations of people close to the victim should, in theory, be sufficient in order for the case to be picked up by the UN.
Continue reading “The killing of Marielle Franco on the UN radar”