The Impact of Government Policy on Brazil Economic Miracle’s Failure

From 1968 to 1973, Brazil experienced unprecedented economic growth thanks the reform policies in political and spherespolicies of military government. However, after 1974, due changes domestic international environment multiple subjective objective reasons, coupled with impact global oil crisis, Brazil’s economy gradually declined. And 1980, it entered what was known as "lost decade". The article analyzes policy-level causes Brazil's miracle recession a comparative manner, using data from statistical yearbooks obtained Brazilian National Institute Geography Statistics (INEGI) for period 1970 1980. analysis shows that large part reason gradual decline came implemented by government during this period, such debt development strategy, industrial-based industrial structure, trade protection state intervention. further notes late is precisely its policy nature short-term overdraft unsustainability. By inference, if country implements transition are not based on own national conditions, ignoring resource advantages, focusing neglecting social livelihood may repeat bad consequences backlash suffered Brazil.Through compilation data, explores summarizes deep-seated reasons behind level, provides lessons other countries learn process developing their economies.