Why the ‘Rest’ doesn’t need foreign finance
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/15552 |
Resumo: | The Rest will be able to catch up and grow faster than the West only if it goes against a 'received truth', namely that capital-rich countries should transfer their capital to capital-poor countries. This intuitive truth is the mantra that the West cites to justify its occupation of the markets of developing countries with its finance and its multinationals. Classical Developmentalism successfully criticized the unequal exchange involved in trade liberalization, but it didn’t succeed in criticizing foreign finance. This task has been recently achieved by New Developmentalism and its developmental macroeconomics, which shows that countries will invest and grow more if they don’t run current account deficits, even when these deficits are financed by foreign direct investment |
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Bresser-Pereira, Luiz CarlosEscolas::EESP2016-02-25T15:09:50Z2016-02-25T15:09:50Z2016-02-25TD 415http://hdl.handle.net/10438/15552The Rest will be able to catch up and grow faster than the West only if it goes against a 'received truth', namely that capital-rich countries should transfer their capital to capital-poor countries. This intuitive truth is the mantra that the West cites to justify its occupation of the markets of developing countries with its finance and its multinationals. Classical Developmentalism successfully criticized the unequal exchange involved in trade liberalization, but it didn’t succeed in criticizing foreign finance. This task has been recently achieved by New Developmentalism and its developmental macroeconomics, which shows that countries will invest and grow more if they don’t run current account deficits, even when these deficits are financed by foreign direct investmentengEESP - Textos para Discussão/ Working Paper Series;TD 415Foreign savingsDomestic savingsDutch diseaseForeign financeDevelopmentalismEconomiaPoupançaFinanciamentoWhy the ‘Rest’ doesn’t need foreign financeinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTD 415 - Luiz Carlos Bresser Pereira.pdfTD 415 - Luiz Carlos Bresser Pereira.pdfapplication/pdf1317800https://repositorio.fgv.br/bitstreams/8462063e-e3fd-4472-9508-12ba57d5603f/download15077df0317fb4f0781e65d81e874f72MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv |
Why the ‘Rest’ doesn’t need foreign finance |
title |
Why the ‘Rest’ doesn’t need foreign finance |
spellingShingle |
Why the ‘Rest’ doesn’t need foreign finance Bresser-Pereira, Luiz Carlos Foreign savings Domestic savings Dutch disease Foreign finance Developmentalism Economia Poupança Financiamento |
title_short |
Why the ‘Rest’ doesn’t need foreign finance |
title_full |
Why the ‘Rest’ doesn’t need foreign finance |
title_fullStr |
Why the ‘Rest’ doesn’t need foreign finance |
title_full_unstemmed |
Why the ‘Rest’ doesn’t need foreign finance |
title_sort |
Why the ‘Rest’ doesn’t need foreign finance |
author |
Bresser-Pereira, Luiz Carlos |
author_facet |
Bresser-Pereira, Luiz Carlos |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EESP |
dc.contributor.author.fl_str_mv |
Bresser-Pereira, Luiz Carlos |
dc.subject.por.fl_str_mv |
Foreign savings Domestic savings Dutch disease Foreign finance Developmentalism |
topic |
Foreign savings Domestic savings Dutch disease Foreign finance Developmentalism Economia Poupança Financiamento |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Poupança Financiamento |
description |
The Rest will be able to catch up and grow faster than the West only if it goes against a 'received truth', namely that capital-rich countries should transfer their capital to capital-poor countries. This intuitive truth is the mantra that the West cites to justify its occupation of the markets of developing countries with its finance and its multinationals. Classical Developmentalism successfully criticized the unequal exchange involved in trade liberalization, but it didn’t succeed in criticizing foreign finance. This task has been recently achieved by New Developmentalism and its developmental macroeconomics, which shows that countries will invest and grow more if they don’t run current account deficits, even when these deficits are financed by foreign direct investment |
publishDate |
2016 |
dc.date.accessioned.fl_str_mv |
2016-02-25T15:09:50Z |
dc.date.available.fl_str_mv |
2016-02-25T15:09:50Z |
dc.date.issued.fl_str_mv |
2016-02-25 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
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article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/15552 |
dc.identifier.sici.none.fl_str_mv |
TD 415 |
identifier_str_mv |
TD 415 |
url |
http://hdl.handle.net/10438/15552 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.relation.ispartofseries.por.fl_str_mv |
EESP - Textos para Discussão/ Working Paper Series;TD 415 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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