Models of developmental state

Luiz Carlos Bresser-Pereira ()

No 426, Textos para discussão from FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil)

Abstract: This paper searches to understand the developmental state and its historical role in the industrial revolution and after it. First, the developmental state is defined as an alternative to the liberal state. Second, it was in the framework of a developmental state that industrial revolutions took place, and four models of developmental state are defined. Third, after the industrial revolution, the state withdraws partially from the economy, but the developmental state continues to have a major role in assuring the general conditions that make competitive the competent business enterprises in each country – in conducing an active macroeconomic policy, particularly an exchange rate policy, in coordinating the non-competitive industries, and in conducing strategic industrial and technological policy. The paper concludes by comparing developmentalism with nationalism.

Date: 2016
New Economics Papers: this item is included in nep-hme
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Journal Article: Models of the developmental state (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:eesptd:426

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