Antônio Delfim Netto
Antônio Delfim Netto (born May 1, 1928) is 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.
Antônio Delfim Netto | |
|---|---|
| Federal Deputy for São Paulo | |
| In office 1 February 1987 – 1 February 2007 | |
| Constituency | At-large |
| Minister of the Department of Planning of the Presidency | |
| In office 15 August 1979 – 14 March 1985 | |
| President | João Figueiredo |
| Preceded by | Mário Henrique Simonsen |
| Succeeded by | João Sayad |
| Minister of Agriculture | |
| In office 15 March 1979 – 15 August 1979 | |
| President | João Figueiredo |
| Preceded by | Alysson Paulinelli |
| Succeeded by | Amaury Stabile |
| Ambassador of Brazil to France | |
| In office 7 February 1975 – 10 February 1978 | |
| President | Ernesto Geisel |
| Preceded by | Aurélio de Lira Tavares |
| Succeeded by | Ramiro Saraiva Guerreiro |
| Minister of Finance | |
| In office 17 March 1967 – 15 March 1974 | |
| President | Artur da Costa e Silva Emílio Garrastazu Médici |
| Preceded by | Eduardo Lopes Rodrigues |
| Succeeded by | Mário Henrique Simonsen |
| Personal details | |
| Born | 1 May 1928 São Paulo, São Paulo, Brazil |
| Political party | |
| Alma mater | School of Economics, Business and Accounting of the University of São Paulo |
| Field | Monetarism Estruturalism |
| School or tradition | Monetarism |
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.
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