Structuralist macroeconomics and the new developmentalism

Detalhes bibliográficos
Autor(a) principal: Bresser-Pereira,Luiz Carlos
Data de Publicação: 2012
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300001
Resumo: This paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease) shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes "new developmentalism" - a sum of growth policies based on these models and on the experience of fast-growing Asian countries.
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spelling Structuralist macroeconomics and the new developmentalismstructuralismdevelopment macroeconomicsexchange ratedevelopmentalismThis paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease) shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes "new developmentalism" - a sum of growth policies based on these models and on the experience of fast-growing Asian countries.Centro de Economia Política2012-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300001Brazilian Journal of Political Economy v.32 n.3 2012reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572012000300001info:eu-repo/semantics/openAccessBresser-Pereira,Luiz Carloseng2012-09-28T00:00:00Zoai:scielo:S0101-31572012000300001Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2012-09-28T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Structuralist macroeconomics and the new developmentalism
title Structuralist macroeconomics and the new developmentalism
spellingShingle Structuralist macroeconomics and the new developmentalism
Bresser-Pereira,Luiz Carlos
structuralism
development macroeconomics
exchange rate
developmentalism
title_short Structuralist macroeconomics and the new developmentalism
title_full Structuralist macroeconomics and the new developmentalism
title_fullStr Structuralist macroeconomics and the new developmentalism
title_full_unstemmed Structuralist macroeconomics and the new developmentalism
title_sort Structuralist macroeconomics and the new developmentalism
author Bresser-Pereira,Luiz Carlos
author_facet Bresser-Pereira,Luiz Carlos
author_role author
dc.contributor.author.fl_str_mv Bresser-Pereira,Luiz Carlos
dc.subject.por.fl_str_mv structuralism
development macroeconomics
exchange rate
developmentalism
topic structuralism
development macroeconomics
exchange rate
developmentalism
description This paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease) shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes "new developmentalism" - a sum of growth policies based on these models and on the experience of fast-growing Asian countries.
publishDate 2012
dc.date.none.fl_str_mv 2012-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300001
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300001
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572012000300001
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.32 n.3 2012
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
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reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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