Celso Monteiro Furtado (July 26, 1920 – November 20, 2004) was a Brazilian economist and one of the most distinguished intellectuals of the 20th century.[1] His work focuses on development and underdevelopment and on the persistence of poverty in peripheral countries throughout the world. He is viewed, along with Raúl Prebisch, as one of the main formulators of economic structuralism, an economics school that is largely identified with CEPAL, which achieved prominence in Latin America and other developing regions during the 1960s and 1970s and sought to stimulate economic development through governmental intervention, largely inspired on the views of John Maynard Keynes. As a politician, Furtado was appointed Minister of Planning (Goulart government) and Minister of Culture (Sarney government).
Born in Pombal, a city set in the semi-arid region of the state of Paraíba, Celso Furtado moved to Rio de Janeiro in 1939, to study law, and graduated from the Federal University of Rio de Janeiro (UFRJ) in 1944. That same year, he was conscripted to the Brazilian Expeditionary Force to fight in Italy, during World War II, alongside the Allies. Seeing countries destroyed in post-war Europe had a profound impact on him, leading to the decision that he would study Economics: he enrolled in a doctorate program at the University of Paris (Sorbonne), in 1946, and presented a thesis on the economy of Brazil during the colonial period.
In 1949, he moved to Santiago, Chile, where he joined the team of the newly created United Nations Economic Commission for Latin America and the Caribbean (best known by its Latin American acronym, CEPAL), which was then headed by Argentine economist Raúl Prebisch. While working at CEPAL, Furtado and Prebisch were decisive for the formulation of socioeconomic policies for the development of Latin America which emphasized industrialization and import substitution.
Upon his return to Brazil in 1959, he published his most famous book – The Economic Growth of Brazil: A Survey from Colonial to Modern Times (in Portuguese: Formação Econômica do Brasil) – and was appointed the director of the Brazilian Development Bank (BNDE) in charge of issues concerning states of the northeastern region, which are poor and face chronic droughts and desertification. During this period, he developed a plan which resulted in the creation of the Superintendency for the Development of the Northeast (Sudene), a governmental agency that worked to stimulate economic growth in that region, and was appointed by Brazilian president Juscelino Kubitschek (1956–1961) the agency's first director. During the government of president João Goulart (1961–1964), Furtado became Minister of Planning and was responsible for Brazil's Triennial Plan of development.
Furtado was also one of the founders of the United Nations Conference on Trade and Development (UNCTAD), an intergovernmental body created in 1964, whose work has since centered around issues related to development and the asymmetries of international trade.
With the Brazilian military coup d'état, in 1964, he was forced into exile and worked as professor at Yale University, in the United States, and later at Cambridge University and the University of Paris (Sorbonne), in France. After the Law of Amnesty, in 1979, he returned to Brazil and was appointed Ambassador of Brazil at the EEC, in Brussels (1985–1986) and Minister of Culture in the government of president José Sarney (1985–1990).
In 2004, Celso Furtado was nominated to the Nobel Prize of Economics (Bank of Sweden Prize in Economic Sciences)[citation needed].
Furtado published more than 30 books during his lifetime.
(with Sue Branford)
The Economic Growth of Brazil (original title, Formação Econômica do Brasil) is his best known book and considered by many to be a national classic. First published in 1959, it depicts Brazil's economic history and the causes of underdevelopment.
In O Mito do Desenvolvimento Econômico (The myth of economic development, in Portuguese), published in 1974, Furtado almost prophetically refers to the "globalisation of the world economy" ("mundialização da economia") when describing the ongoing economic process known today as globalization and raises questions about issues we experience today:
1) The myth of economic development versus the need for natural resources for economic processes: it is mistaken to think that economic development and its benefits will some day reach everyone in the world if the model of economic development does not change. For instance, there are not sufficient natural resources available for everyone in the world if we take as a benchmark the economic model on which the economy was based in the 1970s and is also based currently, i.e. the model where consumerism and individualism are the basis for corporate actions. For instance, if everybody could afford to buy a car, our cities would be completely gridlocked. Furtado's critique of the myths of economic development was based on a report of the Club of Rome, which is summarized in Abstract of The limits to Growth: a report to The Club of Rome;
2) On poverty: in countries that have no "central" economies (countries that are not the base for giant corporations), at most 10% of population could reach the level of wealth achieved by people in the richest countries. Peripheral economies, which would not create an independent and more complete economy, would remain poor and experience growing disparities between their poor and their rich inhabitants;
3) On the world economic superstructure: The world superstructure of the capitalist economy (mainly IMF and GATT, which gave rise to the WTO (World Trade Organization) would, on the one hand, increase control over the world economy, also increasing freedom for capital flows and for the actions of big corporations, while, on the other hand, it would reduce the number of possible choices available for governments, mainly for poor country's governments. This is the kind of development that has been taking place for the last 30 years.
1 (Adelino Fontoura): Luís Murat ► Afonso d'Escragnolle Taunay ► Ivan Monteiro de Barros Lins ► Bernardo Élis ► Evandro Lins e Silva ► Ana Maria Machado 2 (Álvares de Azevedo): Coelho Neto ► João Neves da Fontoura ► João Guimarães Rosa ► Mário Palmério ► Tarcísio Padilha ► Eduardo Giannetti da Fonseca 3 (Artur de Oliveira): Filinto de Almeida ► Roberto Simonsen ► Aníbal Freire da Fonseca ► Herberto Sales ► Carlos Heitor Cony ► Joaquim Falcão 4 (Basílio da Gama): Aluísio Azevedo ► Alcides Maia ► Viana Moog ► Carlos Nejar 5 (Bernardo Guimarães): Raimundo Correia ► Oswaldo Cruz ► Aloísio de Castro ► Cândido Mota Filho ► Rachel de Queiroz ► José Murilo de Carvalho ► Ailton Krenak 6 (Casimiro de Abreu): Teixeira de Melo ► Artur Jaceguai ► Goulart de Andrade ► Barbosa Lima Sobrinho ► Raimundo Faoro ► Cícero Sandroni 7 (Castro Alves): Valentim Magalhães ► Euclides da Cunha ► Afrânio Peixoto ► Afonso Pena Júnior ► Hermes Lima ► Pontes de Miranda ► Diná Silveira de Queirós ► Sérgio Correia da Costa ► Nelson Pereira dos Santos ► Cacá Diegues 8 (Cláudio Manuel da Costa): Alberto de Oliveira ► Oliveira Viana ► Austregésilo de Athayde ► Antônio Calado ► Antônio Olinto ► Cleonice Berardinelli ► Ricardo Cavaliere 9 (Gonçalves de Magalhães): Carlos Magalhães de Azeredo ► Marques Rebelo ► Carlos Chagas Filho ► Alberto da Costa e Silva ► Vacant 10 (Evaristo da Veiga): Rui Barbosa ► Laudelino Freire ► Osvaldo Orico ► Orígenes Lessa ► Lêdo Ivo ► Rosiska Darcy de Oliveira
11 (Fagundes Varela): Lúcio de Mendonça ► Pedro Augusto Carneiro Lessa ► Eduardo Ramos ► João Luís Alves ► Adelmar Tavares ► Deolindo Couto ► Darcy Ribeiro ► Celso Furtado ► Hélio Jaguaribe ► Ignácio de Loyola Brandão 12 (França Júnior): Urbano Duarte de Oliveira ► Antônio Augusto de Lima ► Vítor Viana ► José Carlos de Macedo Soares ► Abgar Renault ► Lucas Moreira Neves ► Alfredo Bosi ► Paulo Niemeyer Filho 13 (Francisco Otaviano): Alfredo d'Escragnolle Taunay ► Francisco de Castro ► Martins Júnior ► Sousa Bandeira ► Hélio Lobo ► Augusto Meyer ► Francisco de Assis Barbosa ► Sérgio Paulo Rouanet ► Ruy Castro 14 (Franklin Távora): Clóvis Beviláqua ► Antônio Carneiro Leão ► Fernando de Azevedo ► Miguel Reale ► Celso Lafer 15 (Gonçalves Dias): Olavo Bilac ► Amadeu Amaral ► Guilherme de Almeida ► Odilo Costa Filho ► Marcos Barbosa ► Fernando Bastos de Ávila ► Marco Lucchesi 16 (Gregório de Matos): Araripe Júnior ► Félix Pacheco ► Pedro Calmon ► Lygia Fagundes Telles ► Jorge Caldeira 17 (Hipólito da Costa): Sílvio Romero ► Osório Duque-Estrada ► Edgar Roquette-Pinto ► Álvaro Lins ► Antônio Houaiss ► Affonso Arinos de Mello Franco ► Fernanda Montenegro 18 (João Francisco Lisboa): José Veríssimo ► Barão Homem de Melo ► Alberto Faria ► Luís Carlos ► Pereira da Silva ► Peregrino Júnior ► Arnaldo Niskier 19 (Joaquim Caetano): Alcindo Guanabara ► Silvério Gomes Pimenta ► Gustavo Barroso ► Silva Melo ► Américo Jacobina Lacombe ► Marcos Almir Madeira ► Antônio Carlos Secchin 20 (Joaquim Manuel de Macedo): Salvador de Mendonça ► Emílio de Meneses ► Humberto de Campos ► Múcio Leão ► Aurélio de Lira Tavares ► Murilo Melo Filho ► Gilberto Gil
21 (Joaquim Serra): José do Patrocínio ► Mário de Alencar ► Olegário Mariano ► Álvaro Moreira ► Adonias Filho ► Dias Gomes ► Roberto Campos ► Paulo Coelho 22 (José Bonifácio the Younger): Medeiros e Albuquerque ► Miguel Osório de Almeida ► Luís Viana Filho ► Ivo Pitanguy ► João Almino 23 (José de Alencar): Machado de Assis ► Lafayette Rodrigues Pereira ► Alfredo Pujol ► Otávio Mangabeira ► Jorge Amado ► Zélia Gattai ► Luiz Paulo Horta ► Antônio Torres 24 (Júlio Ribeiro): Garcia Redondo ► Luís Guimarães Filho ► Manuel Bandeira ► Cyro dos Anjos ► Sábato Magaldi ► Geraldo Carneiro 25 (Junqueira Freire): Franklin Dória ► Artur Orlando da Silva ► Ataulfo de Paiva ► José Lins do Rego ► Afonso Arinos de Melo Franco ► Alberto Venancio Filho 26 (Laurindo Rabelo): Guimarães Passos ► João do Rio ► Constâncio Alves ► Ribeiro Couto ► Gilberto Amado ► Mauro Mota ► Marcos Vilaça 27 (Antônio Peregrino Maciel Monteiro): Joaquim Nabuco ► Dantas Barreto ► Gregório da Fonseca ► Levi Carneiro ► Otávio de Faria ► Eduardo Portella ► Antonio Cícero 28 (Manuel Antônio de Almeida): Inglês de Sousa ► Xavier Marques ► Menotti Del Picchia ► Oscar Dias Correia ► Domício Proença Filho 29 (Martins Pena): Artur Azevedo ► Vicente de Carvalho ► Cláudio de Sousa ► Josué Montello ► José Mindlin ► Geraldo Holanda Cavalcanti 30 (Pardal Mallet): Pedro Rabelo ► Heráclito Graça ► Antônio Austregésilo ► Aurélio Buarque de Holanda Ferreira ► Nélida Piñon ► Heloísa Teixeira
31 (Pedro Luís Pereira de Sousa): Luís Caetano Pereira Guimarães Júnior ► João Batista Ribeiro de Andrade Fernandes ► Paulo Setúbal ► Cassiano Ricardo ► José Cândido de Carvalho ► Geraldo França de Lima ► Moacyr Scliar ► Merval Pereira 32 (Manuel de Araújo Porto-Alegre): Carlos de Laet ► Ramiz Galvão ► Viriato Correia ► Joracy Camargo ► Genolino Amado ► Ariano Suassuna ► Zuenir Ventura 33 (Raul Pompeia): Domício da Gama ► Fernando Magalhães ► Luís Edmundo ► Afrânio Coutinho ► Evanildo Bechara 34 (Sousa Caldas): João Manuel Pereira da Silva ► José Maria da Silva Paranhos Jr. ► Lauro Müller ► Aquino Correia ► Magalhães Júnior ► Carlos Castelo Branco ► João Ubaldo Ribeiro ► Zuenir Ventura ► Evaldo Cabral de Mello 35 (Tavares Bastos): Rodrigo Otávio ► Rodrigo Otávio Filho ► José Honório Rodrigues ► Celso Cunha ► Cândido Mendes de Almeida ► Godofredo de Oliveira Neto 36 (Teófilo Dias): Afonso Celso ► Clementino Fraga ► Paulo Carneiro ► José Guilherme Merquior ► João de Scantimburgo ► Fernando Henrique Cardoso 37 (Tomás António Gonzaga): José Júlio da Silva Ramos ► José de Alcântara Machado ► Getúlio Vargas ► Assis Chateaubriand ► João Cabral de Melo Neto ► Ivan Junqueira ► Ferreira Gullar ► Arno Wehling 38 (Tobias Barreto): Graça Aranha ► Alberto Santos-Dumont ► Celso Vieira ► Maurício Campos de Medeiros ► José Américo de Almeida ► José Sarney 39 (Francisco Adolfo de Varnhagen): Manuel de Oliveira Lima ► Alberto de Faria ► Rocha Pombo ► Rodolfo Garcia ► Elmano Cardim ► Otto Lara Resende ► Roberto Marinho ► Marco Maciel ► José Paulo Cavalcanti Filho 40 (José Maria da Silva Paranhos Sr.): Eduardo Prado ► Afonso Arinos ► Miguel Couto ► Alceu Amoroso Lima ► Evaristo de Moraes Filho ► Edmar Bacha
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