New-Developmental Economics (NDE) - all texts


Documentos 61 a 120 de 129



Les pays émergents, ons ils vraiment besoin du capital des pays riches?

2013. A critique to foreign direct investments. Do developing countries really need them? (Presentation)



The exchange rate at the center of development economics

2012. In this paper I finally defined the relation between the exchange rate and the investment rate (and so, the growth rate). Investment depends on the exchange rate because as the theory says that it tends do become overvalued in the long-term (for several years) within the exchange rate cycle, companies will take this overvalued currency as reference in their investment decision and will refrain from investing (Paper: Estudos Avançados) Portuguese version



A taxa de câmbio no centro da teoria do desenvolvimento

2012. In this paper I finally defined the relation between the exchange rate and the investment rate (and so, the growth rate). Investment depends on the exchange rate because as the theory says that it tends do become overvalued in the long-term (for several years) within the exchange rate cycle, companies will take this overvalued currency as reference in their investment decision and will refrain from investing (Paper: Estudos Avançados) English version



Bresser-Bastos e o Desenvolvimentismo. Diálogo necessário

2012. E-mails entre Pedro Paulo Zahluth Bastos e Bresser-Pereira.





O Diálogo Necessário com a Unicamp

2012. Bresser escreve ao diretor do Instituto de Economia da Unicamp sobre a necessidade de diálogo sobre a Teoria Novo Desenvolvimentista mas já era tarde.



The new developmentalism as a Weberian ideal type

2012 (2015). New developmentalism and its structuralist development macroeconomics is theory/strategy, here compared with old developmentalism and liberal orthodoxy. (Paper in book in homage of Roberto Frenkel)



Structuralist macroeconomics and the new developmentalism

2012. A sum up of a structuralist development macroeconomics and of the ensuing national development strategy: new developmentalism. A theoretical step ahead in relation to Globalization and Competition. (Paper: Brazilian Journal of Political Economy)



Summing up structuralist development macroeconomics and new developmentalism

2012. A summary of the summary of structuralist development macroeconomics and new developmentalism. (Short paper: Challenge)



A Rede Desenvolvimentista e o novo desenvolvimentismo

2012. Intervenção no seminário, "Desenvolvimento e Crise Global: impactos no Brasil e na América Latina", da Rede Desenvolvimentista. (Notas para a intevenção)



Estratégia nem wage, nem export-led, mas novo-desenvolvimentista

2012. The export-led x wage-led alternative is false. After the short import substitution phase GDP and exports must grow at the same rate. (Short paper)



Structuralist Development Macroeconomics and New Developmentalism

2012. A class at LAPORDE/FGV summarizing structuralist development macroeconomics and of new developmentalism. (Class: slide presentation)



Novo Desenvolvimentismo: Um segundo momento do Estruturalismo Latino-Americano

2011 - In the 2000s, New Developmentalism is a second moment of Latin American Structuralism, which faced crisis since the 1970s. Conference when I received the title of Doctor Honoris Cause by the University of Buenos Aires, 18 October 2011. ( This is the original speech; an actualized version was published in 2020)



From old to new developmentalism in Latin America

2011. My more complete paper on new developmentalism. In José Antonio Ocampo and Jaime Ros, eds. Handbook of Latin America Economics, Oxford: Oxford University Press. (Paper). Portuguese version available.



From old to new developmentalism in Latin America

2011. My more complete paper on new developmentalism. In José Antonio Ocampo and Jaime Ros, eds. Handbook of Latin America Economics, Oxford: Oxford University Press. (Paper). Portuguese version available.



An account of new developmentalism and its structuralist macroeconomics

2011. A short account on how a new national development strategy (new developmentalism) and on the theory behind (structuralist development macroeconomics) were developed since the early 2000s. (Short essay)



Uma escola de pensamento keynesiano-estruturalista no Brasil?

2011. A new Keynesian-structuralist school of thought is emerging in Brazil, formed by a Structuralist Development Macroeconomics that offers scientific explanation to New Developmentalism. (Paper: Revista de Economia Política).



O Brasil e o Novo Desenvolvimentismo

2011. New developmentalism is a national development strategy that implies fiscal and exchange rate responsibility. Brazil lacks the later. (Interesse Nacional).



Do antigo ao novo desenvolvimentismo na América Latina

2011. New developmentalism is an alternative strategy to conventional orthodoxy and to old national developmentalism. It argues for the neutralization of the tendency of the exchange rate to appreciate and for fiscal responsibility.(Paper in the book in hommage to Maria Conceição Tavares)



Macroeconomía estructuralista del desarrollo: un segundo momento del estructuralismo Latinoamericano?

2012. With Paulo Gala. A summary of the structuralist development macroeconomics: the theory that is behind new developmentalism, the national development strategy required for catching up. Portuguese version available. (Paper only in this website).



Macroeconomia estruturalista do desenvolvimento

2010. With Paulo Gala. A summary of the structuralist development macroeconomics: the theory that is behind new developmentalism, the national development strategy required for catching up. Spanish version available. (Paper Revista de Economia Política).



Novo desenvolvimentismo: Uma proposta para a economia do Brasil

2010. What is new developmentalism? And structuralist development macroeconomics? To which extent is Brazil adopting it? Short answers to these three questions. (Article: Nueva Sociedad)).



Fundamentos da taxa de câmbio

2010. Troca de mensagens sobre a determinação da taxa de câmbio com José Luis Oreiro, Nelson Marconi, Eliane de Araújo e Marcos Rocha.



Globalization and Competition

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Cambridge University Press).In the bookstores and in kindle



Globalización y Competencia

2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Siglo XXI). Available In bookstores



Mondialisation et compétition

2009. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Éditions La Découverte) In the bookstores.



Poupança externa e investimento (debate com o prof. Affonso Celso Pastore)

2010. The four articles of my debate with prof. Affonso Celso Pastore on whether or not "foreign savings" (current account deficits) contribute to investment and growth.



Por que entradas de capital não aumentam o investimento

2010. Carta a Carlos Aguiar de Medeiros.



Keynesianismo vulgar e o Novo-desenvolvimentismo (Valor, 5.2.10)

2010. With José Luís Oreiro. Populist Keynesians are for chronic public deficits. Keynes only supported budget deficits in recession moments, and to finance investment, not current expenditures. (Article: Valor).



Keynesianismo vulgar y el neo-desarrollismo (La Onda, 02.10)

2010. With José Luís Oreiro. Populist Keynesians are for chronic public deficits. Keynes only supported budget deficits in recession moments, and to finance investment, not current expenditures. (Article: La Onda digital).



Globalização e competição (Folha, 2.11.09)

2009. Na primeira parte do livro com esse título discuto a estratégia novo desenvolvimentista na segunda, procuro desenvolver uma macroeconomia estruturalista do desenvolvimento apropriada para nosso tempo. Folha de S.Paulo, 02.11.2009



Globalização e Competição

2009. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Elsevier).Disponível nas livrarias



Crises financeiras nos anos 1990 e poupança externa

2008. With Lauro Gonzales e Cláudio Lucinda. Differently of what says conventional economic analysis, the cause of the 1990s financial crises in Mexico, Asia, Brazil and Argentina was not primarily fiscal, but the decision of governments to grow with foreign savings, i.e., with current account deficits. (Paper in Nova Economia).



The tendency to the over-appreciation of the exchange rate.

2008. In developing countries there is the tendency to the overvaluation of the exchange rate. If countries do not neutralize it, they will experiment slow growth, and catching up will not happen. (Chapter 4 of book to be published, Globalization and Competition). Spanish version and Portuguese version available.



Debemos ser tan nacionalistas como Francia e Inglaterra (Pagina 12, 25.1.09)

2009. The idea that developing countries need foreign capitals to grow is false. By apreciating the exchange rate, capitals turn into consumption, not in investment. (Interview of Natalia Aruguete in Página 12)



Doença holandesa e sua neutralização: uma abordagem ricardiana

2008. A country suffering from the Dutch disease has two "equilibrium" exchange rates: the "current equilibrium" that is inconsistent with economic growth, and the"industrial equilibrium" that will be achieved if the country is able to neutralize the disease. (Paper in edited book) English version published in Brazilian Journal of Political Economy)



Política industrial e câmbio (Folha, 19.5.08)

2008. Lula's new industrial policy is welcomed, but it dos not replace a non-competitive exchange rate.(Article: Folha de S.Paulo)



Poupança externa, insuficiência de demanda e baixo crescimento

2007. With Paulo Gala In João Sicsú e Carlos Vidotto, orgs. (2008) Economia do Desenvolvimento. Teoria e Políticas Keynesianas. Rio de Janeiro: Campus: 79-96.



Globalization, nation-state and catching up

2008. In globalization, although nation-states are more interdependent, they are also more strategic. A econometric study confirms that. (Paper published in the Brazilian Journal of Political Economy)



Le nouveau developpementisme et l'orthodoxie conventionnelle

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English, Spanish, and Portuguese versions available. (Paper: Passages de Paris).



Macroeconomics of stagnation and new developmentalism in Latin America

2007.Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Slightly improved version in relation to "New developmentalism and conventional orthodoxy". (Paper in the book Keynes for the Twentieth Century)



Fundos para neutralizar a doença holandesa

2007. Response to the Carta do IBRE of the previous month cricizing my proposal of using a variable tax do neutralize the Dutch disease (Conjuntura Econômica, October)



The political economy of trade, finance, and the exchange rate

2007. Trade cannot be de-linked from finance because the exchange rate represents a major intersection between the two field. Yet, the exchange rate is forgotten in international trade and in economic growth courses, and in trade negotiations at WTO. Countries that have reserve currencies abhor taking on the exchange rate (Intervention at UNCTAD seminar)





Macroeconomia da Estagnação

2007. An encompassing analysis of the Brazilian macroeconomic system; a first presentation of the developmental macroeconomics. Why Brazil failed to grow fast after the Real Plan. English version available. (Book: Editora 34) Esgotado nas livrarias. Developing Brazil is an atualized version of this book.



Estado y mercado en el nuevo desarrollismo

2007. This is a reduced version of a "Novo desenvolvimentismo e ortodoxia convencional". It compares three growth strategies: old or national-developmentalism, new developmentalism, and Washington,s conventional orthodoxy. Portuguese version available. (Paper: Nueva Sociedad)



Para Bresser, Brasil está em ciclo vicioso (Folha, 20.05.07)

2007. Interview to Cristiane Barbieri on Bresser-Pereira's latest book Macroeconomia da Estagnação. New developmentalism is a third discourse between old developmentalism and conventional orthodoxy.(Interview: Folha de S.Paulo).



Foreign savings, insufficiency of demand, and low growth

2008. With Paulo Gala. An overvalued currency is a central cause of insufficiency of demand. The growth with foreign savings policy appreciates local currencies, increases domestic consumption, and causes domestic saving to be replaced by foreign savings. (Paper Journal of Post Keynesian Economics).



Por que a poupança externa não promove crescimento

2007. With Paulo Gala. A formalization of the critique of the strategy of growth with foreign savings: the consequent exchange rate appreciation increases artificially wages and causes the substitution of domestic with foreign savings. English version available.(Paper: Revista de Economia Política)



Macroeconomia da estagnação e novo desenvolvimentismo

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington's conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Updated and improved version of "Novo desenvolvimentismo e ortodoxia convencional". (Paper in book edited by Bresser-Pereira)



El nuevo desarrollismo y la ortodoxia convencional

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Portuguese and English versions available. (Paper: Economía Unam)



O novo desenvolvimentismo e a ortodoxia convencional

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English and Spanish versions available. (Paper: Revista São Paulo em Perspectiva)



The new developmentalism and conventional orthodoxy

2006. Paper comparing three growth strategies old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. An improved version available with the title "Macroeconomics of stagnation and new developmentalism".(Paper Economie Appliquée).



Exchange rate: fix, float, or manage it?

2006. The exchange rate determines not only exports and imports, but also real wages, consumption and the savings rate. (Preface to book edited by Mathias Vernengo)



Desenvolvimento como estratégia nacional (TD)

2005. Economic growth is the outcome of a national strategy of development. The characteristics and main tensions involved in these national strategies discussed. Texto para Discussão que originou "Estratégia nacinal de desenvolvimento" e "National development strategy: the key institution"..



Macroeconomia Pós-Plano Real: As Relações Básicas

2005. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (In edited book, Novo Desenvolvimentismo)*



La Politique Macroéconomique Brésilienne (1994-2003) et le Second Consensus de Washington

2004. The growth cum foreign savings strategy and the consequent exchange rate evaluation is the basic cause behind Cardoso administration's poor economic performance. Translation of "O Segundo Consenso de Washington e a Quase-estagnação do Brasil". (Paper: Problèmes d'Amérique Latine)*



Brazil's quasi-stagnation and the growth cum foreign savings strategy

2004. The critique of the growth cum foreign savings strategy adopted in the Cardoso administration. Foreign finance does not cause growth. Spanish version available. (Paper: International Journal of Political Economy)*



O Novo Desenvolvimentismo (Folha, 19.09.04)

2004. New developmentalism compared with the old one and with conventional orthodoxy. (Article: Folha de S.Paulo)



Macroeconomia do Brasil pós-1994

2003. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (Paper: Análise Econômica)*




Fale conosco: ceciliaheise46@gmail.com