10 Financialization, employability and their impacts on the bank workers' union movement in Brazil (1994–2004)

In recent years, after recurrent global crises, there has been broad recognition that the current operation of financial markets does not generate market equilibrium and economic growth, but rather instability and growing poverty. In fact, the indicators of Brazil's economic performance were not satisfactory between 1994 and 2004 (Table 10.1): the process of financial liberalization has instead been associated with stabilization policies and recessive macroeconomic adjustments.