THE BRAZILIAN ECONOMIC CRISIS OF 2014 FROM THE PERSPECTIVE OF ECLAC

Abstract

Historically, the Economic Commission for Latin America and the Caribbean (ECLAC) has been dedicated to the study and formulation of policies for the economic and social development of the Latin American region. The study in question aims to analyze how the Brazilian crisis of 2014 can be interpreted from the perspective of ECLAC thought. Initially, the Latin American historical-structuralist method, focused on the center-periphery relationship, is identified, and the three analytical planes derived from this method are examined: the problem of peripheral international insertion, the obstacles of internal structural constraints to growth, and the role of state planning in development. Subsequently, the results of the research on the Brazilian economic crisis of 2014 are presented, emphasizing the historical context in which it was inserted and highlighting the national and international economic panorama of the first two decades of the twenty-first century. Finally, a study that articulates ECLAC's analytical plans to the 2014 crisis is demonstrated, through a bibliographic survey of works that addressed the crisis and the verification of its relationship with the difficulties pointed out by the historical-structuralist method. It is concluded that ECLAC thinking offers important insights to understand the structural changes and permanences in which the crisis was inserted. However, the emergence of new elements is observed, such as financial globalization and the rearrangement of global value chains, which modify the dynamics of key elements of ECLAC's thinking in the understanding of the center-periphery relationship, highlighting the new forms of external vulnerability.