The Lula era, Celso Furtado and a political economy of growth with social inclusion

This article aims at helping to better understand the Lula era, a period in which an intense and surprising process of social inclusion took place in Brazil. To this end, elements of Celso Furtado's work are rescued, because in his post-stagnationist phase the relationship between economic grow...

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Bibliographic Details
Main Authors: Lobo, Vinicius Gomes, Pateo, Felipe Vella
Format: Online
Language:Portuguese
Published: Universidade Estadual de Campinas 2021
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Online Access:https://econtents.sbu.unicamp.br/inpec/index.php/rbest/article/view/13792
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Summary:This article aims at helping to better understand the Lula era, a period in which an intense and surprising process of social inclusion took place in Brazil. To this end, elements of Celso Furtado's work are rescued, because in his post-stagnationist phase the relationship between economic growth and income distribution gains greater weight in his analysis and because this relationship and its determinants were at the base of the inclusive process of the Lula era. This process was based on the increase in income anchored to the performance of the labour market, a process linked to economic dynamics. However, it is important to note that such performance depended not only on the magnitude, but above all on the way in which production expanded. It is in the definition of the expansion profile (accumulation pattern) and its influence on the labour market that lie the main determinants of the relationship between growth and distribution, so well mapped out by Furtado.
ISSN:2674-9564