Place of Publication
Adventures in History
Publication date
Summary
Between 1948 (when IBGE began calculating GDP per capita) and 1981, there was average growth that exceeded 7% per year. A number comparable to that of Japan, which, between 1953 and 1965, saw its GDP grow by around 9% per year, and reached 13% in 1973. There was modernization of the productive park and an increase in productivity, encouraging science and technology. “Brazil was catching-up, that is, getting closer to the developed references in Europe. Very poorly compared, between 1930 and 1980 Brazil was what China is today, in the sense of a dynamic economy and structural transformation", says Antonio Carlos Diegues Junior, professor at the Institute of Economics of Unicamp,