Brazil’s new economic policy

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Abstract

The article presents a critical analysis of the main economic programs adopted in Brazil in the first year and a half of Lula da Silva's rule (2023 – the first half of 2024), and which will determine the country's development strategy for the next decade. Particular attention is paid to diagnosing the current state of industry and infrastructure in Brazil, analyzing the causes of deindustrialization, assessing the opportunities and risks of strengthening the role of the state in the modernization of industry and the implementation of large-scale infrastructure projects. The success of new development programs and their geopolitical impact will depend on the effectiveness of public resource management, improved planning and implementation of projects, and increased interaction and control at the federal and sub-regional levels.

About the authors

L. N Simonova

Center for Economic Research, Institute of Latin America, Russian Academy of Sciences

Email: ludmila-simonova@yandex.ru
ORCID iD: 0000-0003-1144-2392
Ph.D. (Economic Sciences), Head Moscow, Russian

E. A Ponomarev

Center for Economic Research, Institute of Latin America, Russian Academy of Sciences

Email: e.samgreen2015@gmail.com
ORCID iD: 0000-0002-8785-0096
Researcher Moscow, Russian

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