Arminio Fraga on Brazil's perfect storm

On Monday, July 13, 2020, Arminio Fraga joined the Princeton Bendheim Center for Finance’s for a discussion of Brazil’s experience with COVID-19. Fraga is a member of the Group of Thirty and the former president of the Central Bank of Brazil. The event began with a brief discussion by Markus Brunnermeier, Director of the Princeton Bendheim Center for Finance. Fraga then presented and took questions from the audience.

Learn more about the COVID-19 webinar series organized by Markus Brunnermeier: https://bcf.princeton.edu/event-direc...

Jump to video chapters:

Markus Brunnermeier introduction: 0:00
Beginning of Fraga presentation: 13:50
Divergence since 1980: 16:05
What went wrong: 18:05
Progress since the 90’s: 19:41
90’s progress did not last: 22:06
Government spending, tax breaks, and debt: 23:35
Bolsa Empresário: 24:54
Investment and GDP growth: 26:16
Brazil just before Covid-19: 28:03
Inequality: 28:38
Education: 31:06
Ease of doing business: 35:53
Governance: 37:56
Global competitive index and social mobility: 38:26
Government spending: 39:40
Perfect storm: 45:57
Major risks: 48:20
Hope and resistance: 1:00:06
Q&A 1:03:02