The Brazilian Crisis

Abstract

The Brazilian crisis is of long standing. In 1954 Brazil exported 4.3 million tons of goods for which she received $1,526 million; in 1962, for 12.4 million tons of exports she received only $1,214 million. In other words, with an export volume three times greater, and a growing population as well—70 million inhabitants—the income received was $312 million less in 1962 than in 1954. Brazilians were getting less for three hours' work in 1962 than for one hour in 1954. Thus, there was a process of growth of production and impoverishment of the people. This is the basis of everything.

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