DESENVOLVIMENTO DESIGUAL, ARRANJOS FINANCEIROS E CRESCIMENTO DA ECONOMIA BRASILEIRA: 1947-2003

This study aims at contributing on the literature of unequal economic development in two ways. Firstly, it attempts to make a theoretical contribution regarding some elements that determine the unequal development: the Post Keynesians financial factors and the NeoSchumpeterians and ECLAC-UN spatial-technological ones. The second contribution is the Post Keynesian interpretation of the determinants of economic growth cycles in Brazil. We argue that growth cycles in Brazilian economy are determined by the international liquidity cycle, due to the nature of its external vulnerability.