Economic Miracle (Brazil)

The Brazilian Economic Miracle refers to a period from the mid-1960s to early 1970s when Brazil experienced rapid economic growth. Driven by government policies promoting industrialization, infrastructure development, and modernization, the country saw significant increases in manufacturing and exports. This growth lifted many out of poverty and transformed Brazil into an emerging industrial power. However, it also brought challenges like inflation, income inequality, and reliance on government-led projects. Overall, the Miracle marked Brazil’s transition toward a more diversified, industrial economy, but also highlighted the complexities of rapid development.