Lula da silva Developmental state (2003-2011) And Human Development Index in brazil
Brazil officially the Federative Republic of Brazil is the largest country in both South America and Latin America.The Economy of Brazil is the world's eighth largest economy by nominal GDP and eighth largest by purchasing power parity. The Brazilian economy is characterized by a mixed economy that relies on import substitution to achieve economic growth. Luiz Inácio Lula da Silvais a Brazilian politician and former union leader who served as the 35th President of Brazil from 1 January 2003 to 31 December 2010. In the 8 years of the lula da silva presidency ,economic successes went hand in hand with social results this is called redistributive or inclusive growth. GDP per capita growth rates were higher in the poorer quantiles of the population, than in the richer groups. Unemployment rates declined, formal employment and average earnings increased. Income inequality (also its spatial dimension) and poverty declined. Lula da Silva by implementation of Programs Bolsa Familia, Bolsa Escola, Growth Acceleration Program Improved the Human Development Index in brazil.
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