RT Journal Article T1 Brazil: an economy caught in a financial trap (1993-2003) A1 Medialdea García, Bibiana AB 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. PB Brazilian Journal of Political Economy YR 2013 FD 2013-07-01 LK https://hdl.handle.net/20.500.14352/113581 UL https://hdl.handle.net/20.500.14352/113581 LA eng NO Medialdea, Bibiana. «Brazil: An economy caught in a financial trap (1993-2003)». Revista de Economia Politica, vol. 33, n.º 3, 2013, pp. 427-45, https://doi.org/10.1590/S0101-31572013000300004. DS Docta Complutense RD 28 abr 2025