Abstract
This chapter offers a political economy analysis of the two systems of accumulation in the post-war Brazilian economy, import-substituting industrialisation (ISI) and new liberalism, and the industrial policies associated with them1.The shift across systems of accumulation has been associated with significant changes in the role, structure, and policies of the Brazilianstate. Section 1 examines the case of ISI, departing from a review of conventional assessments of this system of accumulation and offering an alternative interpretation of its economic and political structures. This section also considers the limitations of ISI and the reasons for its crisis in the eighties.
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Saad-Filho, A. (2012). Neoliberalism, Democracy and Development Policy in Brazil. In: Kyung-Sup, C., Fine, B., Weiss, L. (eds) Developmental Politics in Transition. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137028303_7
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