Offering a systematic, critical analysis of the presidency of Fernando Cardoso, this ambitious case study assesses government policies within the framework of the 'new economic model' of globalization and structural adjustment. Petras and Veltmeyer argue that Cardoso paved the way for what amounted to the takeover of a large and important part of Brazil's economy by foreign investors. The authors discuss the neoliberal model of capitalist development, the privatization.
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