New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

UIUC Econ 452: Week 6

by: Laura Kunigonis

UIUC Econ 452: Week 6 Econ 452

Laura Kunigonis

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Complete notes from Professor Baer's 452 lectures!
Economies of Latin America
Werner Baer
Class Notes
Economics, Econ, UIUC, Baer
25 ?




Popular in Economies of Latin America

Popular in Economcs

This 2 page Class Notes was uploaded by Laura Kunigonis on Friday March 4, 2016. The Class Notes belongs to Econ 452 at University of Illinois at Urbana-Champaign taught by Werner Baer in Spring 2016. Since its upload, it has received 12 views. For similar materials see Economies of Latin America in Economcs at University of Illinois at Urbana-Champaign.


Reviews for UIUC Econ 452: Week 6


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/04/16
Econ 452 week 6 8. Depression of the 1930s - Exports decline from $445.9 million in 1929 to $180.6 million im 1932 - Imports of manufactured declined, and their relative internal price rose 9. this lead to spurt of import substitution sure of capacity built up in the 1920s 10. Funds for industrial growth – from importers, coffee sector and coffee support program - Brazilian states bought up extra coffee to prevent a substantial decline in price - Later federalized to support coffee sector and keep recession at bay 11. additional government interventions: Control various sectors 12. Getulio Vargas dominated scene Throughout the 1930s up to 1945: “estado novo Introduced various social programs: Promoted steel industry – esp. Volta Redonda project – integrated steel mills (CSN) state owned 13. impact of World War II – more intensive use of existing capacity 14. As result of war, Brasil emerges with large foreign exchange reserves of $708 milllion in 1945 15. new government opens economy and a flood of import exhaust reserves- Results in reimposition of import controls, which acts as new stimulus to industry 16. ISI in the 1950s: Deliberate use of industry promotion as strategy of economic development Jusulino Kubritschek (new president) 17. Instruments used: - Tariffs and exchange controls - Attraction of foreign investment - State enterprises in basic industries of public utilities Cosipa and usiminas, integrated steel mills - Development bank (BNDE – later becomes BNDES) - Special “executive groups” to rapidly promote specific industries - Rapid growth of domestic supplier firms - Industry promoted “across the board” protection for everyone (import substitution) 18. results: high real growthrate of GDP for over a decade (6% a year), lead by industry which was growing at 11% a year. Also, change in the structure of the economy – decline of agriculture in GDP and growth of industrial GDP 19. Post ISI problems a) Import coefficient problem (bring down the import coefficient) - import coefficient = imports/Gdp - import coefficient decreased at first but then began to rise again - Brazil cannot be self-sufficient (manufactured goods require imported inputs)


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.