Quotation Novy, Andreas, Fernandes, Ana Christina. 2010. Reflections on the unique response of Brazil to the financial crisis and its urban impact. International Journal of Urban and Regional Research 34 (4): 952-966.


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Abstract

This essay explores the reasons for the reduced negative effects of the 2008 global financial crisis on Brazil and its cities by applying an analysis that connects these urban effects with the national dynamics. Despite substantial variation within the country, reduced impact can be credited to the response to the crisis by the current Lula administration and to features of the country's urbanization process. First, universal redistributive social programmes, together with an enlarged domestic market, better insertion in the global economy, prudential regulation and a stable fiscal situation, have put the country in a comfortable position to react to the crisis by adopting countercyclical policies. Second, given the advanced urbanization in Brazil, social and active macroeconomic policies have produced decisive and specific effects on the urban fabric. Recent processes of inland urbanization have created new areas of regional and urban dynamics, thus the impact of the crisis on cities has not only been mild, affecting the most industrialized and internationally oriented metropolises hardest, but has also become an opportunity for strengthening urban areas through active macroeconomic and social policies and helping foster a more decentralized national urban network, thereby leading to stronger links between social inclusion and territorial cohesion.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Journal of Urban and Regional Research
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title Reflections on the unique response of Brazil to the financial crisis and its urban impact
Volume 34
Number 4
Year 2010
Page from 952
Page to 966

Associations

People
Novy, Andreas (Details)
External
Fernandes, Ana Christina (Brazil)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5105 International relations (Details)
5325 Political economics (Details)
5340 Economic history (Details)
5406 Foreign aid (Details)
5415 Economic sociology (Details)
5608 Regional development planning (Details)
5610 Urban development planning (Details)
5611 Urban and regional analysis (Details)
5618 Regional economy (Details)
5912 Social sciences (interdisciplinary) (Details)
5915 Economic geography (Details)
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