Resumo:
Among Latin American countries, Brazil was one of the last to replace the Economic Commission for Latin America and the Caribbean (ECLAC) Import Substitution Model (ICS) with a liberal "development" model, structured around "macroeconomic prudence," microeconomic liberalization, and external orientation. The difficulty in transitioning to the new development model, after the exhaustion of the ICS during the 1980s, more specifically during the government of José Sarney (1985-1989), originated in the lack of definitions or articulations among the national capitalist factions (industrial, commercial, agrarian, and financial) regarding the axis to be followed by dependent Brazilian capitalism.
