Accession Number:

ADA202090

Title:

An Assessment of Brazil's Economic and Energy Problems

Descriptive Note:

Research rept.

Corporate Author:

AIR WAR COLL MAXWELL AFB AL

Personal Author(s):

Report Date:

1988-04-01

Pagination or Media Count:

57.0

Abstract:

Brazil, a large Third World country with significant potential, was well on its way toward entering developed nation status when the Organization of Petroleum Exporting Countries OPEC raised the price of oil in 1973. This price rise hit Brazil particularly hard because imports supplied approximately 80 percent of her energy needs. Brazils problem then became one of how to counter the economically devastating impact of the costly energy imports. If adequate alternatives to imported oil could be developed, it was through Brazils economic problems would apparently be over. Brazil worked hard on the problem and made dramatic progress over a 15 year period. However, during this 15 year period Brazil amassed the largest foreign debt of any Third World country, most of which was incurred paying for imported energy. This huge debt replaced the original energy dependence problem, and Brazil is no better off economically than she was when the energy crisis effectively stopped economic growth. Brazils economic problems carry certain implications for United States policy planners, and the author makes recommendations regarding these implications.

Subject Categories:

  • Government and Political Science

Distribution Statement:

APPROVED FOR PUBLIC RELEASE