Structuralist macroeconomics and new developmentalism

Luiz Carlos Bresser-Pereira ()

No 298, Textos para discussão from FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil)

Abstract: This paper, first, presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the thought of structuralist development economics that was dominant between the 1940s and the 1960s including in the World Bank. The new approach focus on the relation between the exchange rate and economic growth, and develops three interrelated models: the tendency to the overvaluation of the exchange, the critique of growth with foreign savings, and a model of the Dutch disease based on the existence of two exchange rate equilibriums: the 'current' and the 'industrial' equilibrium. Second, it summarizes 'new developmentalism' – a sum of growth policies based on these models and on the experience of fast growing Asian countries

Date: 2011-08-04
New Economics Papers: this item is included in nep-hpe, nep-pke and nep-sea
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Citations: View citations in EconPapers (6)

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Journal Article: Structuralist macroeconomics and the new developmentalism (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:eesptd:298

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