Developmentalist policies in financialized economies: contradictions and impasses of the Brazilian case

Miguel Bruno () and Leda Paulani

Brazilian Journal of Political Economy, 2024, vol. 44, issue 2, 215-240

Abstract: This paper discusses the applicability of economic policies and other developmentalistgovernmental actions to financialized economies. It mobilizes the theoretical-methodologicalregulationist principles for a historical and institutional macro-analysis. After a brief review of the concepts of the Regulation School, including the “economic policy regime”(Théret, 1992; Lordon, 2002; Boyer, 2015), the Brazilian case is analyzed as a remarkable exampleof institutional compatibility with rentier-financial accumulation to the detriment ofthe accumulation of productive fixed capital. Several indicators of this case are presented. JEL Classification: E02; E6; O1; O2; O3.

Keywords: Economic development; institutional structure; regulation school; financialization; Brazilian economy (search for similar items in EconPapers)
Date: 2024
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