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 (teoria econômica)


Documentos 1 a 60 de 81





New developmentalism: Macroeconomics and political economy for developing countries

2017. A short (4.000 words) summary of new developmentalism - a new theoretical framework for allow middle-income countries to grow again. (DOC Research Institute website) (Available in Portuguese)



Novo desenvolvimentismo é resposta para a crise

2017. A short (4.000 words) summary of new developmentalism - a new theoretical framework to allow middle-income countries to grow again. Ilustríssima, Folha) (Available in English)



How to neutralize the Dutch disease notwithstanding the natural resource curse

2017. The Dutch disease is an economic problem that a simple economic policy may resolve, while the natural resource curse is a political-cultural problem very difficult to resolve. Paper presented in St. Petersburg.



How to neutralize the Dutch disease notwithstanding the natural resources curse

2017. Presentation to Likhachov Scientific Conference in St.Petersburg, Russia.



Desenvolvimento econômico, sofisticação produtiva e valor-trabalho

2017. Em países em desenvolvimento a sofisticação produtiva e o aumento da produtividade podem ser melhor explicados pela transferência de trabalhadores e técnicos para os setores mais sofisticados, do que pelos rendimentos crescentes, que são mais relevantes para os países ricos.



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)



Why developing countries should not incur foreign debt: the Brazilian experience

2016. Paper with Thiago de Moraes Moreira. Current account deficits, even when financed by direct investments, hinder instead of enhance growth because the cause overvaluation of the national currency. (Paper in edited book to be published)



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)



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)



New developmentalism and developmental macroeconomics

2016. The is my best presentation summarizing new developmentalism and its developmental macroeconomics. (Slides in the 1st International Worskhop on New Developmentalism)



Reflecting on New Developmentalism and classical developmentalism

2015. New Developmentalism is a theory that was preceded by Classical Developmentalism. It focus on the equilibrium of five macroeconomic prices, and of the two macro accounts, particularly the current or external account.



Developmental macroeconomics and new developmentalism

A slide presentation. To the moment, it is my best summary of Developmental Macroeconomics. (Special session in the Bilbao Post-Keynesian Conference, June 2016)



Industrial policy and exchange rate skepticism

2015. With Fernando Rugitsky. Classical Developmentalism (Prebisch et al.) was skeptical in relation to exchange rate policy, preferring industrial policy on the form of high import taxes, while for New Developmentalism the neutralization of the tendency to the cyclical and chronic overvaluation of the exchange rate is the key policy to be adopted. (Paper Cambridge Journal of Economics)



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)



Du développementisme classique au nouveau développementisme

2016. Avec Eric Berr. A brief article relating New Developmentalism and economic growth. In French, in edited book.



The 2016 Laporde classes on New Developmentalism and Developmental Macroeconomics

2016. Eight hours course in the 6th LAPORDE - Latin American Advanced Programme of Rethinking Macro and Development Economics (slide presentation).



Developmental Macroeconomics

2014. With Nelson Marconi and José Luís Oreiro. Developmental Macroeconomics is a book on development macroeconomics associated with New Developmentalism. In its core are the exchange rate and the current account, instead of the budget deficit and the interest rate. (Book: Routledge)



O pensamento novo desenvolvimentista

2014. Novo desenvolvimentismo, como teoria, distinguido de desenvolvimentismo como tipo ideal de realidade histórica. Notas para futuro artigo aproveitando ideias apresentadas na UFRGS, em Porto Alegre, em junho 2014 (Slide presentation).



A theoretical framework for a Structuralist Development Macroeconomics

2014. With José Luis Oreiro and Nelson Marconi. A synthesis of structuralist development macroeconomics and the critique of the "foreign constraint" thesis. (Paper in edited book)



Financial Stability and Growth: Perspectives on Financial Regulation and New Developmentalism

2014. The 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this. (Book edited with Jan Kregel and Leonardo Burlamaqui )



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)



New developmentalism and developmental macroeconomics

2014. Discipline given to the 5th LAPORDE - Latin American Advanced Programme of Rethinking Macro and Development Economics (Slide presentation)



Comparando a teoria estruturalista do desenvolvimento com a teoria novo-desenvolvimentista

1914. Comparing in one table the structuralist economic theory (or old developmentalism) with new-developmental structuralism - the micro as well as the macroeconomic aspects.



The value of the exchange rate and the Dutch disease

2013. A revised version of my 2008 paper on the Dutch disease in which I distinguish the value from the market price of the exchange rate. (Paper: Brazilian Journal of Political Economy)



The exchange rate at the center of development economics

2012. In so far as structuralist development macroeconomics assumes that developing countries face a tendency to the cyclical overvaluation of the eschange rate, it makes the exchange rate chronically overvalued. Thus, it ceases to be just a short term macroeconomic problem, to be part of the corre of development economics. (Paper: Estudos Avançados) Portuguese version



A taxa de câmbio no centro da teoria do desenvolvimento

2012. In so far as structuralist development macroeconomics assumes that developing countries face a tendency to the cyclical overvaluation of the eschange rate, it makes the exchange rate chronically overvalued. Thus, it ceases to be just a short term macroeconomic problem, to be part of the corre of development economics. (Paper: Estudos Avançados) English version



Diálogo com a Unicamp sobre o novo desenvolvimentismo

2012. The necessary dialogue. (Exchange of leters with the developmental economists of Unicamp)



The new developmentalism as a Weberian ideal type

2012 (2015). New developmentalism and its structuralist development macroeconomics is theory/strategy, here compared with old developmentalism and liberal orthodoxy. (Paper in book in homage of Roberto Frenkel)



Structuralist macroeconomics and the new developmentalism

2012. A sum up of a structuralist development macroeconomics and of the ensuing national development strategy: new developmentalism. A theoretical step ahead in relation to Globalization and Competition. (Paper: Brazilian Journal of Political Economy)



Summing up structuralist development macroeconomics and new developmentalism

2012. A summary of the summary of structuralist development macroeconomics and new developmentalism. (Short paper: Challenge)



A Rede Desenvolvimentista e o novo desenvolvimentismo

2012. Intervenção no seminário, "Desenvolvimento e Crise Global: impactos no Brasil e na América Latina", da Rede Desenvolvimentista. (Notas para a intevenção)



Estratégia nem wage, nem export-led, mas novo-desenvolvimentista

2012. The export-led x wage-led alternative is false. After the short import substitution phase GDP and exports must grow at the same rate. (Short paper)



Structuralist Development Macroeconomics and New Developmentalism

2012. A class at LAPORDE/FGV summarizing structuralist development macroeconomics and of new developmentalism. (Class: slide presentation)



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.



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.



An account of new developmentalism and its structuralist macroeconomics

2011. A short account on how a new national development strategy (new developmentalism) and on the theory behind (structuralist development macroeconomics) were developed since the early 2000s. (Short essay)



Uma escola de pensamento keynesiano-estruturalista no Brasil?

2011. A new Keynesian-structuralist school of thought is emerging in Brazil, formed by a Structuralist Development Macroeconomics that offers scientific explanation to New Developmentalism. (Paper: Revista de Economia Política).



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)



Macroeconomía estructuralista del desarrollo: un segundo momento del estructuralismo Latinoamericano?

2012. With Paulo Gala. A summary of the structuralist development macroeconomics: the theory that is behind new developmentalism, the national development strategy required for catching up. Portuguese version available. (Paper only in this website).



Macroeconomia estruturalista do desenvolvimento

2010. With Paulo Gala. A summary of the structuralist development macroeconomics: the theory that is behind new developmentalism, the national development strategy required for catching up. Spanish version available. (Paper Revista de Economia Política).



Novo desenvolvimentismo: Uma proposta para a economia do Brasil

2010. What is new developmentalism? And structuralist development macroeconomics? To which extent is Brazil adopting it? Short answers to these three questions. (Article: Nueva Sociedad)).



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)



Poupança externa e investimento (debate com o prof. Affonso Celso Pastore)

2010. The four articles of my debate with prof. Affonso Celso Pastore on whether or not "foreign savings" (current account deficits) contribute to investment and growth.



Keynesianismo vulgar e o Novo-desenvolvimentismo (Valor, 5.2.10)

2010. With José Luís Oreiro. Populist Keynesians are for chronic public deficits. Keynes only supported budget deficits in recession moments, and to finance investment, not current expenditures. (Article: Valor).



Keynesianismo vulgar y el neo-desarrollismo (La Onda, 02.10)

2010. With José Luís Oreiro. Populist Keynesians are for chronic public deficits. Keynes only supported budget deficits in recession moments, and to finance investment, not current expenditures. (Article: La Onda digital).



Globalização e competição (Folha, 2.11.09)

2009. Na primeira parte do livro com esse título discuto a estratégia novo desenvolvimentista na segunda, procuro desenvolver uma macroeconomia estruturalista do desenvolvimento apropriada para nosso tempo. Folha de S.Paulo, 02.11.2009



Crises financeiras nos anos 1990 e poupança externa

2008. With Lauro Gonzales e Cláudio Lucinda. Differently of what says conventional economic analysis, the cause of the 1990s financial crises in Mexico, Asia, Brazil and Argentina was not primarily fiscal, but the decision of governments to grow with foreign savings, i.e., with current account deficits. (Paper in Nova Economia).



The tendency to the over-appreciation of the exchange rate.

2008. In developing countries there is the tendency to the overvaluation of the exchange rate. If countries do not neutralize it, they will experiment slow growth, and catching up will not happen. (Chapter 4 of book to be published, Globalization and Competition). Spanish version and Portuguese version available.



Debemos ser tan nacionalistas como Francia e Inglaterra (Pagina 12, 25.1.09)

2009. The idea that developing countries need foreign capitals to grow is false. By apreciating the exchange rate, capitals turn into consumption, not in investment. (Interview of Natalia Aruguete in Página 12)



Poupança externa, insuficiência de demanda e baixo crescimento

2007. With Paulo Gala In João Sicsú e Carlos Vidotto, orgs. (2008) Economia do Desenvolvimento. Teoria e Políticas Keynesianas. Rio de Janeiro: Campus: 79-96.



Le nouveau developpementisme et l'orthodoxie conventionnelle

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English, Spanish, and Portuguese versions available. (Paper: Passages de Paris).



Macroeconomics of stagnation and new developmentalism in Latin America

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. Slightly improved version in relation to "New developmentalism and conventional orthodoxy". (Paper in the book Keynes for the Twentieth Century)



The political economy of trade, finance, and the exchange rate

2007. Trade cannot be de-linked from finance because the exchange rate represents a major intersection between the two field. Yet, the exchange rate is forgotten in international trade and in economic growth courses, and in trade negotiations at WTO. Countries that have reserve currencies abhor taking on the exchange rate (Intervention at UNCTAD seminar)



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



Para Bresser, Brasil está em ciclo vicioso (Folha, 20.05.07)

2007. Interview to Cristiane Barbieri on Bresser-Pereira's latest book Macroeconomia da Estagnação. New developmentalism is a third discourse between old developmentalism and conventional orthodoxy.(Interview: Folha de S.Paulo).



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).




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