 Developmentalism under global financial asymmetries: which policy space for growth, sustainability and equity?Luiz Fernando de Paula, Barbara Fritz and Daniela Magalhães Prates Chapter 5 in Currency Hierarchy and Financial Globalisation, 2026, pp 106-133 from Edward Elgar Publishing Abstract: This chapter applies the concept of currency hierarchy to the broader debate on concepts of developmentalism in the twenty-first century. Led by Latin American economists, we aim to identify different strands in the neo-developmentalist approaches (social- and new-developmentalism). While both give the state a key role in productive transformation away from the traditional division of labour between centre and periphery countries and take up societal demands for socio-economic redistribution, we analyse their different ways of dealing with global monetary and financial asymmetries. For this purpose, this chapter explores how governments, according to different neo-developmentalist approaches, can promote industrial development, inclusive growth, and ecological structural change while navigating the constraints and contradictions of domestic political dynamics and the global capitalist system of trade and financial globalisation. Keywords: Global financial asymmetries; Social-developmentalism; New-developmentalism; Classical developmentalism; Financial asymmetry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23142_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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