Home » Labor Markets and Inequitable Growth: The Case of Authoritarian Capitalism in Brazil by Samuel A. Morley
Labor Markets and Inequitable Growth: The Case of Authoritarian Capitalism in Brazil Samuel A. Morley

Labor Markets and Inequitable Growth: The Case of Authoritarian Capitalism in Brazil

Samuel A. Morley

Published August 1st 2008
ISBN : 9780521074698
Paperback
336 pages
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 About the Book 

Brazil is one of the worlds best-known examples of inequitable growth. Since 1964 its military government has used a trickle-down development strategy that relies on the private market and high profits for owners of capital and at the same timeMoreBrazil is one of the worlds best-known examples of inequitable growth. Since 1964 its military government has used a trickle-down development strategy that relies on the private market and high profits for owners of capital and at the same time relies on holding down wages of the unskilled and neutralizing the power of labour unions. Although this strategy did result in an impressive amount of economic growth, it has been harshly criticized for its unfairness. The general consensus is that most of the benefits of growth went to the rich, precious few to the poor. This study, first published in 1982 challenges the majority view. It shows that the poor benefited far more from growth than the income distribution statistics seem to imply. Despite appearances, the economy was a highly dynamic one for all groups. Job creation more than kept pace with the growth of the labour force, and most of the jobs created were good ones, rather than make-work employment in the informal sector.