%0 Journal Article
%A Medialdea García, Bibiana
%T Brazil: an economy caught in a financial trap (1993-2003)
%D 2013
%U https://hdl.handle.net/20.500.14352/113581
%X In the early 1990s, Brazil entered a financialized economic dynamic in which short-term financial valorization generated by the issuing of guaranteed public debt overshadowed the entire economy. This article analyzes Brazilian economic  processes between 1993 and 2003, in particular the bi-directional relationship with external vulnerability, erratic international financing behavior and how State actions to obtain and maintain these resources fostered financialization. As a result, the entire economy became enmeshed in a self-perpetuating trap in which financial activity was predominant over economic activity.
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