Structuralist macroeconomics and the new developmentalism

Revista de Economia Política

Luiz Carlos Bresser-pereira¹ 

[1] ,Emeritus professor of Getulio Vargas Foundation

关键词: structuralism;    development macroeconomics;    exchange rate;    developmentalism;   

DOI  :  10.1590/S0101-31572012000300001

来源: SciELO

【 摘 要 】

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.

【 授权许可】

CC BY   
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