Abstract
Latin America is clearly defining a new path for inclusive and sustainable development. Brazil has been playing a key role in opening the way through the convergence of a set of coherent policies, involving direct transfer for the “fourth world” of critical poverty, intensifying social policies (health, education, culture, housing) at the base of the pyramid, steadily increasing minimum salary, and reducing key environment situations like the destruction of the Amazon forest. The impact is not only politically self-reinforcing, particularly through job expansion, as it is anti-cyclical in terms of the global financial crisis.
Ladislau Dowbor is Professor at the Catholic University of São Paulo and consultant to several UN agencies.
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Notes
- 1.
The full text of our essay, Economic Democracy, can be freely downloaded (Creative Commons) at http://dowbor.org/09economicdemocracykd.doc
- 2.
An overview of the study published in October 2011 by the Swiss Federal Institute of Technology (ETH), and the link to the original research paper, can be found at http://dowbor.org/2012/01/new-research-on-global-corporate-control-6.html/
- 3.
We presented a study on this new generation of intellectuals in a Latin American Perspectives publication, http://dowbor.org/2011/03/intellectuals-in-a-network-a-new-generation-facing-development-march.html/ or http://lap.sagepub.com/content/early/2010/12/12/0094582X10391066.full.pdf+html
- 4.
Bank for International Settlements – Nov. 2011 – Committee on the Global Financial System No. 46 – The macrofinancial implications of alternative configurations for access to central counterparties in OTC derivatives markets – http://www.bis.org/publ/cgfs46.pdf – ISBN 92-9131-895-7 (print) ISBN 92-9197-895-7 (online)
- 5.
Oil prices (Brent) have varied from 12.72 dollars in 1998 to 97.26 in 2008, with huge differences in between. Attributing this kind of volatility to variations in demand, such as Chinese voracity for energy, misses the point of the key impact of speculation (www.oilmarketreport.org). Agricultural commodities fare no better. No steady development planning can exist with such volatility in key world prices.
- 6.
Ignacy Sachs, Carlos Lopes and Ladislau Dowbor – Crises and Opportunities in times of change – 2010, http://dowbor.org/2010/01/crises-and-opportunities-in-changing-times-jan.html/
- 7.
An important ECLAC report, La Hora de la Igualdad, draws the main line of the new consensus being built. The title, A Time for Equality, is very meaningful. Santiago, mayo de 2010, 289 p. Documento síntese com 58 páginas em português: http://bit.ly/bqwYAh Documento completo en español: http://bit.ly/bA9yrl
References
DIEESE – job market in Brazil: recent evolution and challenges, DIEESE, 10 Mar 2010 – http://www.dieese.org.br/ped/mercadoTrabalhoEvolucaoDesafiostexto2010.pdf
For the basic figures, see our Understanding Lula’s Strength, 2008 http://dowbor.org/2008/05/understanding-lulas-strength.html/
IPEA – poverty inequality and social policies – 12 Jan 2010, p 9. Statement from the Presidency n. 38 – http://www.ipea.gov.br/default.jsp
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Dowbor, L. (2015). Economic Democracy: Meeting Some Management Challenges: Changing Scenarios in Brazil. In: Mancebo, F., Sachs, I. (eds) Transitions to Sustainability. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-9532-6_4
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