Retaking the Path to Inclusion, Growth and Sustainability
Bleak short-term economic outlook raises the risk that social and environmental
achievements may not be sustained. The changed economic circumstances have exposed shortcomings in Brazil’s development model, epitomized by the struggle to achieve a sustainable fiscal policy. Against this background, some Brazilians are now asking whether the gains of the past decade might have been an illusion, created by the commodity boom, but unsustainable in today’s less forgiving international environment. Brazil thus finds itself at an important juncture and, to a certain extent, the policy