2002. The growth cum foreign savings strategy and the consequent exchange rate overevaluation is the basic cause behind Cardoso administration's poor economic performance. Portuguese version available: O Segundo Consenso de Washington e a Quase-Estagnação da Economia Brasileira. (Paper: BNDES 50 Years)*



 
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
             
                    
                    
                    
                
            