Brazil and Nigeria

What happens when it disappears and economy sinks

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Unformatted text preview: of the control (weak without a national military, relatively weak in terms of the bureaucracy), nationalistic towards economic development and industrialization Bureaucracy made alliance for profit with capitalists (keep wages low, invest in industry, decent bureaucracy) ! good growth rates HOW DID IT DIFFER FROM S KOREA: foreign capital investment was heavy ! what happens when it disappears and economy sinks Policies to guarantee profit to European and US investors, didn’t feel the need topush their own entrepreneurs Not cohesive between elites and masses Would rather import Europeans than train Brazilians Two cohesive capitalist states of brazil: Vargas state (1930’s): fascist, etc Military rule (1964- 80’s): militaries came in and imposed a cohesive capitalist state, disciplined labor, get them out of the street and get them working Before this, Brazil was fragmented multiclass state: nominal or real democracies, policies are different Concerned about legitimacy ! can’t use state power to keep wages low Economic growth was less Fragmented in terms of coalition. Fragmented in a way that prevents states from using its powers to shock the country out of social and political backwardness, more diffuse approach to moving the country out of social and economic backwardness Fragmented Multi- Class state contrast cohesive capitalist: Too much foreign capital = dependence on foreign actors Fragmented...
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