This paper has primarily attempted to determine whether neoliberal economic policy is making a return to Brazil, and secondarily what the most likely explanation for this could be. The elections of...Show moreThis paper has primarily attempted to determine whether neoliberal economic policy is making a return to Brazil, and secondarily what the most likely explanation for this could be. The elections of October 2018 provided the context to perform an analysis on this subject: the two candidates competing in the second round of elections, Jair Bolsonaro and Fernando Haddad and their visions on economic policy for Brazil have been analyzed through the method of content analysis. The programas de governo or governing programs of both candidates has served as the main subject of the study. Additionally articles in journals and interviews have been taken into consideration. Neoliberal economic policy in this paper is defined as a specific set of economic policies associated with the Washington Consensus. Although the Washington Consensus contains a total of ten advised economic reforms, the analysis in this paper will focus on specifically three, namely privatization, trade liberalization and austerity. This will be followed by a demonstration of a ‘retreat’ of neoliberal economic policy worldwide at the hand of the trade policies of the Trump administration in the United States and the change of direction made by International Financial Institutions. Thirdly, the political situation of the last years in Brazil will be described in order to provide the reader with the necessary context for the analysis. Fourthly, the turn to neoliberal economic policy under the current Temer administration will be demonstrated to establish that neoliberalism has returned to Brazil, albeit in the form of a government with near to no public support: favorable views of the (neoliberal) reforms among the candidates under study would be a strong indication a continuation of this policy under a new president is likely. This has been researched through the programas de governo, articles and interviews. Lastly, two possible explanations have been considered. The paper will conclude that it is indeed likely that Brazil, now with a candidate enjoying significant public support, will continue on the path of neoliberal economic policy. This return to neoliberal economic policy will be concluded to be due to a form of crisis management in Brazil.Show less
