Joseph L. Love is Professor of History Emeritus, University of Illinois Urbana-Champaign. He is interested in the history of economic ideas, policy, and performance in Brazil and in Latin America as a whole. A former director of Illinois’ Center for Latin American Studies, he is the author of Rio Grande do Sul and Brazilian Regionalism, São Paulo in the Brazilian Federation, and Crafting the Third World: Theorizing Underdevelopment in Romania and Brazil. Love has also authored some seventy scholarly articles and essays and has co-edited several books.

Werner Baer is Lemann Professor of Economics, University of Illinois. He has taught at Harvard, Yale, and Vanderbilt Universities, and has been Visiting Professor at several Brazilian Universities. He has published and edited many books and over 150 articles on the Latin American economies. His The Brazilian Economy is now in its 6th edition. Baer is the recipient of two honors from the government of Brazil: the Order of the Southern Cross and the Rio Branco Medal of the Brazilian Ministry of Foreign Affairs.

Introduction 1

Part One The Problems the Lula Government 7

Two The Macroeconomic Record of the Lula Administration 27

Students will appreciate the sophistication and timeliness of the data and analyses."--A.B. Cochran, Choice

"This collection responds to an immediate need for scholarly work in English assessing the first administration of President Luiz Inácio ‘Lula’ da Silva, a moderate Latin American leftist, democratically elected and re-elected to power. Complementing Lula of Brazil: The Story So Far, this book offers a strong contribution to the field."--Edward A. "Ted" Riedinger, Professor and Head, Ohio State University Latin American Library Collection (former secretary to President Juscelino Kubistchek)