Book on Brazilian economic policy in light of U.S. government plan is launched
"Bidenomics in the Tropics", a book organized by economists André Roncaglia and Nelson Barbosa, has just been published by FGV Press. It compiles contributions by Brazilian specialists in core areas related to the Biden Plan. The book presents theoretical and historical reflections on economic development, sector analyses and economic and funding policies, in a sequence that seeks to offer a broad vision of the problem of Brazil’s economic development in light of the current American president’s initiative.
The Biden administration has launched an ambitious economic plan centered on three fiscal policy pillars and complementary measures to support workers and fight inequality, representing a break from the economic policy followed in the United States since the 1980s.
On the fiscal side, the first measure was a US$1.9 trillion Rescue Plan, focused on transferring income to the poorest families and concentrating its impact in 2021-22, to take the U.S. economy more quickly out of the recession caused by the COVID-19 pandemic.
A few months later, Biden announced a US$2.3 trillion Jobs Plan focused on investment in infrastructure and innovation, including more public spending on the “care economy” and the transition to sustainable energy sources.
The third fiscal initiative came in April of this year, through the American Families Plan, which will distribute US$1.8 trillion over the space of 10 years, focusing on education and health, as well as tax relief for low-income families.
According to the book’s authors, the conflicting views on this topic in the United States are very inspiring for Brazil. The book explores our country’s existing capacities and how they could be adapted to tackle the concerns and challenges of the 21st century. It also illustrates the restrictions that apply to Brazil’s ability to carry out a similar initiative. Brazil’s state, companies and families are highly indebted, they are not confident about the future and they are facing a context of high inflationary pressure (domestic and imported) and a deep social crisis. For this reason, the set of political and economic stances known as Bidenomics needs a Brazilian version. This book invites readers to reflect on this.
Motivated by the recent change in the direction of economic policies in the U.S., the book brings together analyzes written by its organizers, as well as Bráulio Borges, Camila Gramkow, Carlos A. Grabois Gadelha, Débora Freire Cardoso, Felipe Augusto Machado, Gabriel Muricca Galípolo, Guilherme Magacho, Gustavo Pereira Serra, João Romero, Júlia Braga, Luís Felipe Giesteira, Luiz Carlos Bresser-Pereira, Luiza Nassif-Pires, Manoel Pires, Nelson Marconi, Paulo Gala, Roberto Andrés, Rodrigo Octávio Orair and Túlio Chiarinie Uallace Moreira.
The book is available in digital format on FGV Press’ website, as well as from Amazon, iBooks and Google Play.