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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.