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ECO501 GDB NO. 1 FALL 2022 |
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ECO501
GDB NO. 1
DEVELOPMENT ECONOMICS
FALL 2022
LAST DATE:
04-12-2022
SOLUTION
QUESTION:
The
developing countries followed the performance of Brazil, a largest and most
populous country in Latin America. Brazil is an important member of the G-20 economies
and BRICS (Brazil, Russia, India, and China) countries. Many Brazilians have
been frustrated with the uneven pace of development and Brazil has even been
cited as an example of a country that has experienced “growth without
development.” Despite huge inequities, Brazil has made economic and social
progress and should not be tarred with the same brush as countries such as
Pakistan, Saudi Arabia, or Gabon that have had less social development for
their levels of growth and investment. Brazil experienced two decades of
military rule till 1985, resulting in debt problem, stagnant incomes, and high
inflation. However, Brazilian feel relief after 2004 as a result of signs of
palpable progress. Despite the economic improvement in the recent era, the poverty/inequality
level is not up to the mark in Brazil as compared to an upper-middle-income
country.
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Requirements:
Being
a student of development economics, you are required to read the complete case
study from the textbook “Economic Development”, 12th Edition by Michael P.
Todaro and Stephen C. Smith entitled as “Progress in the Struggle for more
Meaningful Development: Brazil” given at the end of Chapter # 01. Discuss the
policies of the Brazilian government to control poverty.
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ANSWER:
Michael Paul Todaro and
Stephen C. Smith (Development Economist) – Development is not purely an
economic phenomenon but rather a multi- dimensional process involving
reorganization and reorientation of entire economic and social system.
Development is process of improving the quality of all human lives with three
equally important aspects.
POLICIES
OF THE BRAZILIAN GOVERNMENT TO CONTROL POVERTY
Bolsa Familia
Brazil has been very successful in alleviating much of
its own poverty, particularly through a government program called Bolsa Familia.
Through Bolsa Familia, parents receive monthly stipends to send their children
to school and for health check-ups.
The current government unabashedly promotes this
program in several Brazilian slums.
Brazil without misery
In the four years since its success, the program has
lifted nearly 22 million Brazilians out of extreme poverty. Like Bolsa Familia,
a poverty-free Brazil is based on three stages of access to public assistance,
better education, health and productive inclusion. Brazil Without Poverty
focuses not only on alleviating poverty in Brazil, but also on ensuring the
rights of Brazilian citizens.
Zero Hunger Program
Brazil's zero hunger program was launched to
financially support farmers to feed school children. The program reduced child
malnutrition from 12.7% to 3.5% and reduced child mortality.
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