Social entitlements and economic policy in Brazil (2015-16)
between the ballots and capital flight
DOI:
https://doi.org/10.32361/2022140113193Keywords:
Social entitlements, Capital flight, economic austerityAbstract
Since 2015, economic policy in Brazil has given priority to austerity measures geared at securing the confidence of market agents. The shift happened after an election outcome manifested the wish for continuity of redistributive policies, which correspond to social entitlements. The contractionary project was intensified in 2016, especially after the removal of the elected government from office, deepening the divide with the electoral results. Drawing from elements regarding law, economics and international relations, the present essay seeks to approach the tension rising between the ballots and expectations of financial investors in the definition of economic policy, relevant to legal institutions.
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