Historical sources of brazilian underdevelopment

Abstract

In this work, it is shown that Brazil has already entered the past century behind
the developed countries. The three main views to explain this fact are reviewed and a fourth,
based on recent theoretical developments, is presented. This view explains the backwardness
of the Brazilian economy due to the composition of its social classes, their historical roots
and their interrelations.

JEL Classification: O15; O19; N16.