Abstract

ERLACS – European Review of Latin American and Caribbean Studies is an Open Access, scientific journal. It publishes peer-reviewed articles in English and Spanish. Contributions reflect substantial empirical research and/or are theoretically innovative with respect to major debates within social science research (understood in the broadest sense, including history and economics) on Latin America and the Caribbean. In addition to research articles, ERLACS includes 'Explorations' (a section in which new themes are presented and new debates are stimulated), review essays, book reviews, and film reviews. Articles are published online soon after they have been accepted.Sign up for our newsletter and read our latest issue!Special Collections:Violent configurations of power in MexicoVenezuela's crisis from global perspectivesElite and popular responsed to a left in crisisMega-projects, contentious action, and policy change in Latin America ERLACS – Revista Europea de Estudios Latinoamericanos y del Caribe es una revista científica de Acceso Abierto. Difunde artículos bajo la revisión de pares en inglés y español. Las contribuciones reflejan la investigación empírica sustancial y/o son teóricamente innovadoras con respecto a los grandes debates dentro de la investigación social (en el sentido más amplio, incluyendo la historia y la economía) en América Latina y el Caribe. Además de los artículos de investigación, ERLACS incluye 'Exploraciones' (una sección en la que se presentan los nuevos temas con el fin de estimular nuevos debates), ensayos de reseña, reseñas de libros, y críticas de cine. Los artículos se publican en línea poco después de haber sido aceptados.¡Suscríbase a nuestro boletín de noticias y lea nuestro último número!Números especiales:Venezuela's crisis from global perspectivesElite and popular responsed to a left in crisisMega-projects, contentious action, and policy change in Latin America

Highlights

  • After almost two decades of semi-stagnation Brazil elected a government headed by Luiz Inácio Lula da Silva, the Workers Party (Partido dos Trabalhadores, or PT) candidate in 2002

  • The policy debate that resulted was a combination of setting a theoretical framework to capture the essence and systematize the key economic and social policy decisions taken since 2003 and especially since 2006 on the one hand; and, on the other, using a more normative approach, an attempt to come up with a set of policy priorities that could be followed to ensure that Brazil would begin a new period of sustained growth with social inclusion

  • Key issues that are discussed are: the role of the State; the state-controlled public oil company Petrobras; the local content requirement as a key instrument for industrial policy; the challenge that excessive dollar flows into the Brazil economy presents; and environmental risk factors

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Summary

Introduction

After almost two decades of semi-stagnation Brazil elected a government headed by Luiz Inácio Lula da Silva, the Workers Party (Partido dos Trabalhadores, or PT) candidate in 2002.

Results
Conclusion
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