Brazilian Miracle

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The Brazilian Miracle (Portuguese: milagre econômico brasileiro) was a period of exceptional economic growth in Brazil during the rule of the Brazilian military dictatorship, achieved via a heterodox and developmentalist model. During this time the average annual GDP growth was close to 10%. The greatest economic growth was reached during the tenure of President Emílio Garrastazu Médici from 1969 to 1973. James Petras argues the short-lived economic miracle in Brazil was based on: a) violent illegitimate seizure of political power by the military; b) the institutionalization of violence through an extensive and intensive system of military-police controls throughout civil society; c) the systematic use of terror to contain popular discontent, to disarticulate mass organizations and to destroy guerrilla resistance; d) the elaboration of the National Security ideology to justify the State's "permanent state of war" against autonomous class or nationalist movements. Perception of the so...

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