The Lost Decade: Brazil and the Debt Crisis of 1982

With an economy composed of fluctuating oil prices, skyrocketing monetary obligations abroad, and compromised access to credit, the future of Brazil’s economy in 1982 has never looked bleaker. Still recovering from the fluctuations in oil pricing from the 1970s, the future of the market is uncertain: can reforms be maintained when economic security cannot? Relying heavily upon a military-backed government to maintain order as the social and economic pillars of Brazil crumble, delegates must deal with a political transition to democracy while being the world’s biggest debtor. Faced with skyrocketing inequality, political instability, and a dangerous amount of money owed to the Americans, the Brazilian Debt Crisis tests the resolve of Brazil’s mandate to honor Ordem e Progresso.