Antônio Delfim Netto
Antônio Delfim Netto | |
|---|---|
Netto in 2008 | |
| Member of the Chamber of Deputies | |
| In office 1 February 1987 – 1 February 2007 | |
| Constituency | São Paulo |
| Minister of the Department of Planning | |
| 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, Brazil |
| Died | 12 August 2024 (aged 96) São Paulo, Brazil |
| Political party | PP (2011–2024) |
| Other political affiliations | |
| Alma mater | School of Economics, Business and Accounting of the University of São Paulo |
| Field | Monetarism Estruturalism |
| School or tradition | Monetarism |
Antônio Delfim Netto (Brazilian Portuguese pronunciation: [ɐ̃ˈtoniu dɛwˈfĩ ˈnɛtu]; 1 May 1928 – 12 August 2024) was a Brazilian economist, academic, and politician who was the Minister of Finance, Agriculture, and Planning, as well as a congressman. During his incumbency as Minister of Finance of Brazil, the country experienced the so-called Economic Miracle, a time of unprecedented economic growth.
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 gave another added meaning to 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. Delfim Netto died in São Paulo on 12 August 2024, at the age of 96.