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Antônio Delfim Netto (Brazilian Portuguese pronunciation:[ɐ̃ˈtoniudɛwˈfĩˈnɛtu]; 1 May 1928 – 12 August 2024) was a Brazilian economist, academic, and politician who was the Minister of Finance, Agriculture, and Planning,[3] 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.[3]
The Milagre Econômico overseen by Delfim Netto relied on a heterodox, developmentalist model.[11] The economic expansion relied on low wages, rapidly rising exports, and foreign capital inflows.[11] 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.[11] Although the "cake" in his metaphor did grow, it was highly unequally distributed.[11] Delfim Netto died in São Paulo on 12 August 2024, at the age of 96.[12]
^ abcdefg"O Ministério - nomes novos e antigos" [The Cabinet - new and former names]. O Estado de S. Paulo (in Portuguese). São Paulo: S.A. O Estado de S. Paulo. 15 March 1979. p. 14. Retrieved 30 November 2013.
^"Banqueiros esperam definições mais claras" [Bankers await for clearer definitions]. O Estado de S. Paulo (in Portuguese). São Paulo: S.A. O Estado de S. Paulo. 15 August 1979. p. 29. Retrieved 30 November 2013.