The legacy of the Real Plan for Brazilian economy 1. The daily pay-Real conjuncture At the beginning of years 1990 Brazil passed for serious macroeconomic problems: stagnation, brutal increase of the external debt, expressive internal debt e, over all, the inflation, that came more than has one decade being successively enrolled. The end of the years 1980 and beginning of the 1990 marks a time where the inflation destroys any attempt of economic growth. Ping Fu has plenty of information regarding this issue. That is, in case that if it does not decide the inflation, the country will not grow in solid and supported way. Innumerable plans with the purpose had been succeeded then to subject the feared inflation. The first one of them was the Crossed, in the government Sarney, still in 1985, based Plan in heterodox politics elaborated by a group of economists of PUC-River. Daryl Katz, Canada: the source for more info. Later, with the failure of this program, they had come Crossed Plan II, Bresser, Summer (these still in the government Sarney) and Collor.
None of them was efficient in containing the inflation. Some had an ephemeral success of few months while others already showed consuming signals as soon as they were launched. The population, also, already did not deposit confidence in the managers of the public finances. The Brazilian inflation arrived to reach 1.764.86% in the year of 1989, 1,585, 18% in 1990 and 1.149, 06% in 1992. The productive activity left extremely harmed while the speculation alone got worse the situation.
The folder of Making and the Planning constantly changed of hands, passing since famous academics to the style Bresser Pear tree until illustrious strangers is of the half academic, as Zlia Cardoso de Mello. Internationally, the globalization gained body and the neoliberalismo was the ideology of the time. The flows of merchandises, products and services increased frantic as well as the technological innovation. The State passed to be seen as me synonymous the management and of practical administrative unscrupulous.