Brezilya'daki yeni kalkınmacılık modelinin yükselişi ve düşüşü: Neden Brezilya yeni kalkınmacılığı düşüşe geçti?

This qualitative study illustrates the rise and decline of the neo-developmentalist model in Brazil by questioning why neo-developmentalist model in Brazil started to fall into a decline from the 2014 onward. Before looking into the underlying factors behind the decline of neo-developmentalist model, there is an attempt to examine economic and institutional features of contemporary Brazil within the theoretical framework of neo-developmentalism and varieties of capitalism (VoC). After applying two hybrid ideal types of southern VoC, hierarchical-market economy (HME) and state-permeated market economy, to the Brazil; the five pillars of neo-developmentalism are scrutinized by discussing macroeconomic and social policies of the Workers' Party (PT). In the final part, there is a hypothesis that neo-developmentalist model of Brazil under the Workers' Party is in crisis and there is a low possibility to overcome the crisis unless necessary structural and economic reforms are made.