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Política cambial, conflito de classes e desenvolvimento econômico na perspectiva de Celso Furtado

Lúcio Otávio Barbosa, Frederico Jayme Jr () and Fabrício Missio
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Lúcio Otávio Barbosa: Planning Department of Minas Gerais (SEPLAG-MG)
Fabrício Missio: Cedeplar-UFMG

No 562, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The aim of this paper is to analyze the contributions of Celso Furtado regarding the role of exchange rate policy and its relation with social conflict in the economic growth of peripheral economies. For that, we regain Furtado’s analyses about the Venezuelan case and in The Economic Formation of Brazil. We highlight two main conclusions from such works: i) exchange rate appreciation due to natural resources curse harms economic growth; ii) exchange rate policy is mainly a phenomenon associated with political economy, in which social conflict emerges. Hence, we claim that Furtado’s thought is still actual.

Keywords: Development; exchange rate policy; social conflict. (search for similar items in EconPapers)
JEL-codes: B1 B5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
Date: 2017-07
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