Economic Formation of Brazil

Introduction

In his seminal work, "Economic Formation of Brazil," Celso Furtado provides a comprehensive analysis of the economic development of Brazil from the colonial period to the mid-20th century. Furtado argues that Brazil's economic history is characterized by a series of structural obstacles that have prevented the country from achieving sustained economic growth and development.

The Colonial Period

During the colonial period, Brazil was a major producer of sugar, tobacco, and other cash crops for the European market. However, the country's economy was largely dependent on slave labor and was characterized by a high degree of inequality. Furtado argues that the colonial period laid the foundation for Brazil's subsequent economic problems, as it created a society that was deeply divided along racial and class lines.

The Post-Independence Period

After Brazil gained independence from Portugal in 1822, the country experienced a period of rapid economic growth. However, this growth was largely based on the expansion of the coffee industry, which was heavily dependent on slave labor. The abolition of slavery in 1888 led to a decline in the coffee industry and a period of economic stagnation.

The 20th Century

In the 20th century, Brazil experienced a period of industrialization and economic growth. However, this growth was unevenly distributed, and the country continued to suffer from high levels of poverty and inequality. Furtado argues that Brazil's economic problems are rooted in the country's colonial past and its dependence on a few primary commodities.

Conclusion

In "Economic Formation of Brazil," Celso Furtado provides a powerful analysis of the economic history of Brazil. Furtado's work is essential reading for anyone interested in understanding the challenges facing Brazil today.

Why You Should Read This Book

"Economic Formation of Brazil" is a must-read for anyone interested in the economic history of Brazil. Furtado's analysis is insightful and thought-provoking, and his writing is clear and engaging. This book is a valuable resource for students, scholars, and policymakers alike.

Order Your Copy Today!

"Economic Formation of Brazil" is available in hardcover, paperback, and e-book formats. Order your copy today and start learning about the economic history of Brazil!