Education
University of São Paulo.
University of São Paulo.
The couple divorced in 1998. Zélia Cardoso de Mello worked in the academic, public and private sectors in Brazil. After significant criticism, she resigned this position in May of 1991.
In 1991, she released a biography, "Zelia, A Passion".
In 1995 she moved to New York and became a visiting scholar at the Institute of Latin America and Iberian Studies at Columbia University. Since 1998, Cardoso de Mello has served executive positions at several major financial advisory companies focused on Brazil, including Global Access Investments, Orix and Lily Pond Capital.
As minister, Zélia was responsible for the implementation of the Plano Collor, which combined fiscal and trade liberalization with radical inflation stabilization measures. A monetarist inflation stabilization was coupled with an industrial and foreign trade reform program, the Industrial and Foreign Trade Policy (English: Política Industrial e de Comércio Exterior), better known as PICE, and a privatization program dubbed the "National Privatization Program" (Portuguese: Programa Nacional de Desestatização), better known as the PND. The PICE was geared towards opening the Brazilian marketing to foreign competition while simultaneously fostering domestic innovation, whereas the PND was the first large-scale privatization program in Brazil, generating nearly United States$4 billion for the government and privatizing 18 different state-owned enterprises.
According to Carlos Eduardo Carvalho, from Departamento de Economia da Pontifícia Universidade Católica de São Paulo: The Collor Plan itself began to be formatted by the president-elects advisors at the end of December 1989, after his victory in the runoff election.
The final draft was probably strongly influenced by a document discussed by the advisors of PMDB party candidate Ulysses Guimarães, and later by advisors of PT party candidate Luís Inácio Lula da Silva, during the period between the general election and the runoff. In spite of the differences in their general economic strategies, these competing candidates failed to develop their own stabilization policies at a time of rapid price increases and risk of hyperinflation during the second half of 1989. The proposal to block liquidity originated in academic debate and was imposed upon the main presidential candidacies.
Her political career began in 1986 when Dilson Funaro, the Minister of Finance of Brazil, invited her to join his Economic Advisory Team as Director of the National Treasure Department In 1990 Cardoso de Mello was appointed the National Minister of Economy, Finance and Planning of Brazil under president Fernando Collor de Mello. lieutenant became a best-seller, perhaps because, according to a review, "lieutenant says little about tax reform and inflation, but a lot about Cardoso"s sexual exploits in office.".