Inflation And External Debt In Brazil

Paper Summary:

Discusses problem of Brazil's persisting high inflation over a long period of time, and large foreign debt. Examaines the current situation of Brazil's unbalanced economy. Brazil's attempts to reduce inflation. Identifies origins of Brazil's economic problem. Government plans and failure to stabilize the economy. Brazilian theory of "intertial" inflation.

From the Paper:

"TRAPPED IN INEQUALITY?
Persisting Inflation and External Debt in Brazil

Introduction
No other nation has experience so much inflation, persistantly, over a long period as Brazil has. Hyperinflation in other countries has produced astronomical price increases, but hyperinflation is a shortlived process, whereas Brazil's inflation has operated for decades. Brazil also has a long history of high foreign debt, going back to the 1920s, and in the early 1990s Brazil had the world's largest external debt, at a level of about $118 billion."

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