Nature of the state economic expanded functions in the Brazilian economy
Nature of the State economic expanded functions in the Brazilian economy. The paper discusses the dynamics of capital accumulation in Latin America economies. The hypothesis is that in these economies the role of the State is comparatively broader than in the economies of the centers of the capitalism by structural reasons. The argument is mainly based on Marx and Kalecki, besides historical elements of Latin America economies, particularly the Brazilian economy. Then the paper explores the dynamics consequences of this nature at the national levels, concluding that this condition gives a higher degree of instability.
JEL Classification: P16; O54; O10.
Keywords: development in Latin America economies, role of the State on accumulation, dynamic of accumulation, Brazilian economy