The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature

Detalhes bibliográficos
Autor(a) principal: Vergnhanini, Rodrigo
Data de Publicação: 2021
Outros Autores: Biancarelli, André
Tipo de documento: preprint
Idioma: por
Título da fonte: SciELO Preprints
Texto Completo: https://preprints.scielo.org/index.php/scielo/preprint/view/3391
Resumo: Throughout the analysis of the Brazilian economic history, one easily notes the complex association between external financing and the components of economic development (taken as growth, structural change and sustainable evolution of external accounts). Firstly, this article explores how these theoretical associations are made by the main theories in the Brazilian economic literature: the liberal / conventional and the new-developmentalist. In both of them, the concept of “external savings” plays a central role, although being predicted to generate the very opposite effects. Secondly, based on the contributions of other heterodox authors, it seeks to present some theoretical underpinnings as constituting of an alternative approach, which could be called the “scarce foreign exchange” approach. The purpose is to define the contours of a research program which is consistent with the most recent empirical findings in this field and, thus, to contribute to the advancement of the Brazilian critical economic theory.
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spelling The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literaturePapel dos fluxos financeiros e da poupança externa no desenvolvimento econômico: três abordagens no debate brasileirofluxos financeirosfinanciamento externopoupança externacrescimentodesenvolvimentocapital flowsexternal financingexternal savingsgrowthdevelopmentThroughout the analysis of the Brazilian economic history, one easily notes the complex association between external financing and the components of economic development (taken as growth, structural change and sustainable evolution of external accounts). Firstly, this article explores how these theoretical associations are made by the main theories in the Brazilian economic literature: the liberal / conventional and the new-developmentalist. In both of them, the concept of “external savings” plays a central role, although being predicted to generate the very opposite effects. Secondly, based on the contributions of other heterodox authors, it seeks to present some theoretical underpinnings as constituting of an alternative approach, which could be called the “scarce foreign exchange” approach. The purpose is to define the contours of a research program which is consistent with the most recent empirical findings in this field and, thus, to contribute to the advancement of the Brazilian critical economic theory.O recebimento de fluxos financeiros do exterior sempre foi elemento crucial na discussão do desenvolvimento econômico no Brasil. Ao longo da história, explicita-se a complexidade da forma de associação entre financiamento externo e desenvolvimento econômico nacional, entendido nas suas dimensões de crescimento econômico, mudança estrutural e sustentabilidade das contas externas. O presente artigo busca, primeiramente, apresentar e sistematizar essas relações segundo as principais teorias presentes no debate brasileiro: a liberal convencional e a “novo-desenvolvimentista”. Em ambas as visões, o conceito de “poupança externa” adquire protagonismo, ainda que com efeitos diametralmente opostos. Em segundo lugar, a partir de contribuições de outros autores, busca-se apresentar e articular os elementos constitutivos de um enfoque alternativo, denominado “abordagem da escassez de divisas”. Pretende-se com isso delinear contornos de uma linha de pesquisa convergente com os desenvolvimentos empíricos mais recentes sobre o tema e contribuir para o avanço do pensamento econômico crítico brasileiro.SciELO PreprintsSciELO PreprintsSciELO Preprints2021-12-22info:eu-repo/semantics/preprintinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://preprints.scielo.org/index.php/scielo/preprint/view/339110.1590/0103-6351/6747porhttps://preprints.scielo.org/index.php/scielo/article/view/3391/6140Copyright (c) 2021 Rodrigo Vergnhanini, André Biancarellihttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessVergnhanini, RodrigoBiancarelli, Andréreponame:SciELO Preprintsinstname:SciELOinstacron:SCI2021-12-22T11:23:27Zoai:ops.preprints.scielo.org:preprint/3391Servidor de preprintshttps://preprints.scielo.org/index.php/scieloONGhttps://preprints.scielo.org/index.php/scielo/oaiscielo.submission@scielo.orgopendoar:2021-12-22T11:23:27SciELO Preprints - SciELOfalse
dc.title.none.fl_str_mv The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
Papel dos fluxos financeiros e da poupança externa no desenvolvimento econômico: três abordagens no debate brasileiro
title The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
spellingShingle The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
Vergnhanini, Rodrigo
fluxos financeiros
financiamento externo
poupança externa
crescimento
desenvolvimento
capital flows
external financing
external savings
growth
development
title_short The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
title_full The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
title_fullStr The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
title_full_unstemmed The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
title_sort The role of financial flows and external savings in economic development: three theoretical approaches in the Brazilian literature
author Vergnhanini, Rodrigo
author_facet Vergnhanini, Rodrigo
Biancarelli, André
author_role author
author2 Biancarelli, André
author2_role author
dc.contributor.author.fl_str_mv Vergnhanini, Rodrigo
Biancarelli, André
dc.subject.por.fl_str_mv fluxos financeiros
financiamento externo
poupança externa
crescimento
desenvolvimento
capital flows
external financing
external savings
growth
development
topic fluxos financeiros
financiamento externo
poupança externa
crescimento
desenvolvimento
capital flows
external financing
external savings
growth
development
description Throughout the analysis of the Brazilian economic history, one easily notes the complex association between external financing and the components of economic development (taken as growth, structural change and sustainable evolution of external accounts). Firstly, this article explores how these theoretical associations are made by the main theories in the Brazilian economic literature: the liberal / conventional and the new-developmentalist. In both of them, the concept of “external savings” plays a central role, although being predicted to generate the very opposite effects. Secondly, based on the contributions of other heterodox authors, it seeks to present some theoretical underpinnings as constituting of an alternative approach, which could be called the “scarce foreign exchange” approach. The purpose is to define the contours of a research program which is consistent with the most recent empirical findings in this field and, thus, to contribute to the advancement of the Brazilian critical economic theory.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-22
dc.type.driver.fl_str_mv info:eu-repo/semantics/preprint
info:eu-repo/semantics/publishedVersion
format preprint
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://preprints.scielo.org/index.php/scielo/preprint/view/3391
10.1590/0103-6351/6747
url https://preprints.scielo.org/index.php/scielo/preprint/view/3391
identifier_str_mv 10.1590/0103-6351/6747
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://preprints.scielo.org/index.php/scielo/article/view/3391/6140
dc.rights.driver.fl_str_mv Copyright (c) 2021 Rodrigo Vergnhanini, André Biancarelli
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Rodrigo Vergnhanini, André Biancarelli
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv SciELO Preprints
SciELO Preprints
SciELO Preprints
publisher.none.fl_str_mv SciELO Preprints
SciELO Preprints
SciELO Preprints
dc.source.none.fl_str_mv reponame:SciELO Preprints
instname:SciELO
instacron:SCI
instname_str SciELO
instacron_str SCI
institution SCI
reponame_str SciELO Preprints
collection SciELO Preprints
repository.name.fl_str_mv SciELO Preprints - SciELO
repository.mail.fl_str_mv scielo.submission@scielo.org
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