A instabilidade das finanças públicas da América Latina
- Autores
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José Carlos de Souza Braga
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Marcos Antonio Macedo Cintra
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Sulamis Dain
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- Palavras-chave:
- Finanças públicas, Política tributária, Dívida - Renegociação, Política econômica, Taxa cambial
- Resumo
- This paper addresses the hypothesis that monetary, fiscal and exchange rate policies have become extremely interconnected in the context of the high public indebtedness, as prevails in most Latin American Economies. The adoption Of the neo-liberal paradigm of economic policy and reforms has not been able to solve public financing problems both in terms of controlling inflation and its role in the promotion of economic development. In restructuring public sector role in the economy it is important to consider that infrastructure financing may not be left to the logic of the capital market and business comunity because of both economic reasons and regional imbalances which characterize this region mainly countries of large dimensions. The increasing share of the private sector in infrastructure financing is essential as long as it is subject to a process of transition in which the role of the public sector as an investor and a coordinator of financing systems and investment programmes is assured. The new public sector in the region has to be more robust in fiscal, balance of payments, and financial fundamentals. That means in general terms that the National States will have to conduct a substancial change in income and wealth distribution in order to face their financing needs ahead.
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- Publicado
- 2008-08-01
- Edição
- v. 16 n. 2 (1995)
- Seção
- Artigos
- Licença
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.