Developmental Macroeconomics: New Developmentalism as a Growth Strategy

ISBN-13: 9780415817783 / Angielski / Twarda / 2014 / 188 str.

Luiz Carlos Bresser-Pereira; Jose Luis Oreiro; Nelson Marconi

Opis

This volume consolidates the ideas that a group of post Keynesian and structuralist economists have been developing since the turn of the century, principally in Brazil. These ideas relate both to 'new developmentalism' - an alternative national development strategy to the neoclassical Washington Consensus, and which gives the state a strategic role in promoting economic growth - and to a collection of new and systematic models that combine modern post Keynesian macroeconomics with an updated development economics in which the exchange rate plays a key role.

Spis treści

1. Theoretical traditions and the method 2. Some definitions and productive sophistication 3. Demand-led growth 4. Foreign constraint 5. Value and price of the exchange rate 6. Overvaluation and access to the markets 7. The Dutch disease 8. Domestic, not foreign savings 9. Inflation, interest, and exchange rate appreciation 10. Balance of payment crises Chapter 11 The closing of the model 12. Wage, export or balanced-led? 13. Neutralizing the Dutch disease 14. Exchange rate policy 15. The transition to a high-development regime 16. Political economy of the once-and-for-all devaluation 17. Comparing and summing up

O autorze

Luiz Carlos Bresser-Pereira is Emeritus professor of Getulio Vargas Foundation, Brazil.

José Luís Oreiro is Associate Professor at Universidade Federal do Rio de Janeiro, Brazil.

Nelson Marconi is Associate professor and Head of Research Center for Structuralist Development Macroeconomics at Sao Paulo School of Economics, Brazil