Antônio Delfim Netto
Brazilian politician
Died when: 96 years 103 days (1155 months)Star Sign: Taurus
Antônio Delfim Netto (born May 1, 1928) was a Brazilian economist, former Minister of Finance, Agriculture, and Planning of Brazil, professor and congressman.
During his incumbency as Minister of Finance of Brazil, the country experienced the so-called Milagre Econômico (the Economic Miracle), a time of unprecedented economic growth.
The Milagre Econômico overseen by Delfim Netto relied on a heterodox, developmentalist model.The economic expansion relied on low wages, rapidly rising exports, and foreign capital inflows.
Delfim Netto originated the phrase "cake theory" in reference to this model: the cake had to grow before it could be distributed.
Although the "cake" in his metaphor did grow, it was highly unequally distributed.
Related People
Brazilian politician
.jpg?width=300)
Brazilian politician
_(cropped).jpg?width=300)
Brazilian politician
This content was extracted from Wikipedia and is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License