The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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Novo Desenvolvimentismo (textos básicos)


Documentos 1 a 27 de 27



The two forms of capitalism: developmentalism and economic liberalism

2017. Capitalism and the state are either developmental, or liberal. Developmentalism and economic liberalism are two forms of coordinating capitalism. Capitalism was born developmental anywhere, in England or in the US, in Germany or in Brazil, in Japan or in China. (paper: Brazilian Journal of Political Economy)



The two forms of capitalism: developmentalism and economic liberalism

2017. Capitalism and the state are either developmental, or liberal. Developmentalism and economic liberalism are two forms of coordinating capitalism. Capitalism was born developmental anywhere, in England or in the US, in Germany or in Brazil, in Japan or in China. (paper: Brazilian Journal of Political Economy)



Neutralizing the Dutch disease

2018. A retention or tax on the export of commodities will neutralize the Dutch disease and assure to the manufacturing industry equal conditions in the competion with other countries. The tax will not represent a buden to the exporters, because they receive back their money on the form of depreciation of the real. (Paper to be published)



Economic nationalism and developmentalism

2018. An encompassing paper on economic nationalism, its relation to developmentalism, and why it is a condition of growth in a world where nation-states rather compete than cooperate. (published paper)



Why the 'Rest' doesn't need foreign finance

2016. Against conventional wisdom, countries that don't incur into current account deficits grow faster, because such deficits correspond to an overvalued currency that encourages consumption and discourages investment. (Paper)



Democracy and growth in pre-industrial countries

2017. Pre-industrial countries are supposed to realize their capitalist revolution in a global political famework that requires that they are democratic. But today's rich and middle income countries made it while their regimes was authoritarian. Publicado como Texto para Discussão



Models of developmental state

2016. All industrial revolutions happened in the framework of a developmental state. We can distinguish in history four basic models of developmental state. Portuguese version available.(Texto p/ Discussão)



Teoria novo-desenvolvimentista: uma síntese

2016. As a theoretical system, new developmentalism originates from classical developmentalism (development economics) and from post-Keynesian macroeconomics. It contains a macroeconomics, a beginning of a microeconomics, and a political economy. (Paper in Cadernos do Desenvolvimento.)



Reflexões sobre o Novo Desenvolvimentismo e o Desenvolvimentismo Clássico

2016. Classic Developmentalism and New Developmentalism are theoretical frameworks. Don't mix them with really existing developmentalisms, as national-developmentalism and social developmentalism. English version available(Paper, Revista de Economia Política)



The economics and the political economy of new-developmentalism

2017. A summary of new developmentalism - of its economic theory and of its political economy. The best that I have donne. (Paper to be published)



Sovereignty, the exchange rate, collective deceit, and the Euro crisis

2014, with Pedro Rossi. The euro crisis is a internal exchange rate crisis; austerity is a costly and inhuman policy of internal depreciation. (paper, in the Journal of Post Keynesian Economiscs)



The access to demand

2014. In developing countries it is not enough to secure demand for entrepreneurs to invest; additionally, is required access to it, which only a competitive exchange rate can assure. (Paper Keynesian Brazilian Review)



From old to new developmentalism in Latin America

2011. My more complete paper on new developmentalism. In José Antonio Ocampo and Jaime Ros, eds. Handbook of Latin America Economics, Oxford: Oxford University Press. (Paper). Portuguese version available.



Do antigo ao novo desenvolvimentismo na América Latina

2011. New developmentalism is an alternative strategy to conventional orthodoxy and to old national developmentalism. It argues for the neutralization of the tendency of the exchange rate to appreciate and for fiscal responsibility.(Paper in the book in hommage to Maria Conceição Tavares)



Globalization and Competition

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Cambridge University Press).



Globalização e Competição

2009. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Elsevier).



Globalización y Competencia

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Siglo XXI).



Mondialisation et compétition

2009. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Éditions La Découverte)



Crescimento e desindustrialização (Folha, 10.3.08)

2008. The manufacturing industry is growing while it is prematurely desindustrializing due to moderate but not neutralized Dutch disease. (Article: Folha de S.Paulo).



Macroeconomia da Estagnação: crítica da ortodoxia convencional no Brasil pós-1994

2007. An encompassing analysis of the Brazilian macroeconomic system; a first presentation of the developmental macroeconomics. Why Brazil failed to grow fast after the Real Plan. English version available. (Book: Editora 34) Developing Brazil is an atualized version of this book



Foreign savings, insufficiency of demand, and low growth

2008. With Paulo Gala. An overvalued currency is a central cause of insufficiency of demand. The growth with foreign savings policy appreciates local currencies, increases domestic consumption, and causes domestic saving to be replaced by foreign savings. (Paper Journal of Post Keynesian Economics).



Por que a poupança externa não promove crescimento

2007. With Paulo Gala. A formalization of the critique of the strategy of growth with foreign savings: the consequent exchange rate appreciation increases artificially wages and causes the substitution of domestic with foreign savings. English version available.(Paper: Revista de Economia Política)



O novo desenvolvimentismo e a ortodoxia convencional

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English and Spanish versions available. (Paper: Revista São Paulo em Perspectiva)



The new developmentalism and conventional orthodoxy

2006. Paper comparing three growth strategies old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. An improved version available with the title "Macroeconomics of stagnation and new developmentalism".(Paper Economie Appliquée).



Macroeconomia Pós-Plano Real: As Relações Básicas

2005. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (In edited book, Novo Desenvolvimentismo)*



Economic growth with foreign savings?

2002. With Yoshiaki Nakano. Developing countries' poor performance in the 1990s is related to the Washington strategy of growth with foreign savings. Portuguese version available.(Paper presented to International Post Keynesian Workshop).



Crescimento econômico com poupança externa?

2003. With Yoshiaki Nakano. Developing countries poor performance in the 1990s is related to the Washington strategy of growth with foreign savings and open capital accounts. English version available.(Paper Revista de Economia Política)*




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