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Economic planning and political crisis: from the downfall of development plans to the failure of stabilization programs

This article has the aim of reconstructing the trajectory of programs of economic stabilization elaborated in the context of the crisis of the early 1960's in Brazil. Between the late 1950's and the fall of João Goulart's government, in April of 1964, at least three ambitious monetary stabilization programs were attempted by the governments of the period, all of which with no success. The article focus on the political reaction of the different actors in that critical conjuncture in relation to Kubitschek's government "Plano de Estabilização Monetária" (1958-1959), Quadros' government "Reforma Cambial" (1961) and, in detail, Goulart's government "Plano Trienal" (1963-1965). It will be seen that those reactions follow from the break up of ideological consensus around development policies and the negative answer of the main socio-economic groups to the submission to "sacrifices" imposed by the planners for the achievement of monetary stability.

economic planning; stabilization policies; political crisis; institutional crisis; development; stability; 1960's


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