Article Type
Article
Description
As the leader of an opposition party, President-elect Lula of Brazil was consistent in his attack on President Cardoso’s efforts at fiscal reforms, demanding more spending regardless of affordability. Now when he has been elected by a vast majority of the population he has struck a note of economic realism. He has warned that ‘there is no miraculous solution for such a huge social debt’ and Brazil’s dire straits demand ‘austerity in the use of public money’.
Publication Source
Dawn
Publication Date
11-9-2002
Pages
1-17
Recommended Citation
Husain, Ishrat. (2002, November 09). Why should we avoid populist economic policies?. Dawn, . 1-17. https://ir.iba.edu.pk/faculty-research-press/462
