All texts on Brazilian Economy


Documentos 121 a 180 de 401



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)



PAC apenas não resolverá (GVexecutivo, 6(3).5.07

2007. PAC is an welcomed program for the coordination of investments, but without a competent macroeconomic policy it will not make Brasil resume real economic growth.(Entrevista a Françoise Terzian, GVexecutivo)



Dois diagnósticos (Folha, 23.04.07)

2007. Folha de S.Paulo, 23.04.2007



Desindustrialização e doença holandesa (Folha, 09.04.07)

2007. If we compare the real and effective exchange rate in Brazil before 1990-92 with the present one, it will be clear that Brazil is victim of the Dutch disease. Before that, we were able to neutralize it we are not anymore, and the consequence is disastrous to the Brazilian economy. (Article: Folha de S.Paulo)



A próxima crise mundial (Folha, 12.03.07)

2007. US's huge and persistent current account deficts are increasing total foreign debt and international liquidity. They spur speculation and preannounce crisis. (Article: Folha de S.Paulo).



Não conserta o desconserto (Folha, 04.02.07)

2007. Given the exchange rate and the interest rate, the Brazilian industry is condemned to quasi-stagnation. PAC is Ok, but will not solve the problem. (Article: Folha de S.Paulo)



Juros, crescimento econômico e PAC (Estado, 31.01.07)

2007. PAC is nice but innefective industrial policy. It will not lead make Brazil resume growth, and the same aplies to neo-liberal reforms. Only real macroeconomic equilibriu will do that. (Interview to Broadcast).



Globalização comercial e financeira (Folha, 29.01.07)

2007. Commercial globalization is a major opportunity for developing countries, financial globalization, a disaster. (Article: Folha de S.Paulo)



História da corrupção e ineficiência (Folha, 15.01.07)

2007. Conventional orthodoxy's new "discovery": the cause of quasi-stagnation in Brazil is corruption, not the high interest rate nor the low exchange rate. (Article: Folha de S.Paulo).



Substitution of foreign for domestic savings: the Brazilian case

2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper, just in this site) Portuguese version available.



Substituição de poupança interna pela externa: o caso do Brasil

2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper available only in this site) English version available.



Substituição da poupança interna pela externa: o caso do Brasil

2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). English version available.



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)



Triste 2007 (Folha, 18.12.06)

2006. President Lula wants 5% growth, but there is no signal that he is prepared to face conventional orthodoxy and change macroeconomic policy. (Article: Folha de S.Paulo).



Doença holandesa e estagnação (Folha, 04.12.06)

2006. The causes of the desindustrialization and quasi-stagnation of the economy are a non-neutralized Dutch disease and the policy of growth with foreign savings. (Article: Folha de S.Paulo)



É a competição, estúpido... (Estado, 26.11.06)

2006. A large interview on the Brazilian economy and the lack of a national growth strategy in a global environment defined by high competition among nation-states. (Interview to Laura Greenhalgh: O Estado de S.Paulo).



PSDB e PT estão superados (Jornal do Brasil, 21.11.06)

2006. Either PT or PSDB have an answer on how to face and overcome the Brazilian economy's 26 years old quasi-stagnation because they lost the idea of nation. (Interview to Rodrigo de Almeida: Jornal do Brasil).



A Argentina aprendeu (Folha, 06.11.06)

2006. Argentina learned from experience, rejects conventional orthodoxy's advises, keeps its exchange rate competitive, and grows. (Article: Folha de S.Paulo)



Modelo buscava crescimento (Folha, 31.10.06)

2006. Bresser-Pereira and Fernando Cardim de Carvalho on new developmentalism. (Interview: Folha de S.Paulo)



Candidatos se definem (Folha, 23.10.06)

2006. In the end of the presidential campaign Alckmin, differently from Lula, was able to articulate sensible ideas on economic policy. It will not be engough. (Article: Folha de S.Paulo)



Controlar entrada de capital não é crime, afirma Bresser (Folha, 15.10.06)

2006. There is an alternative to the conventional orthodoxy rulling the Brazilian economy. Capital controls are not a sin. (Interview to Catia Seabra: Folha de S.Paulo)



Bresser-Pereira critica FHC e Lula de populismo cambial (Estado, 10.10.06)

2006. FHC and Lula incurred in exchange rate populism (populismo cambial). (Interview: O Estado de S.Paulo)



Equação do segundo turno (Folha, 09.10.06)

2006. The rich and the poor voted for Lula in the first turn the middle class, for Alckmin. (Article: Folha de S.Paulo)



Até o dia da eleição (Folha, 25.09.06)

2006. Alckmin's economic program - a step ahead, but insufficient. (Article: Folha de S.Paulo).



Idéias para um país que precisa crescer (Estado, 01.09.06)

2006. Debate on economic growth of Brazil with Eliana Cardoso, Ricardo Carneiro e Samuel Pessoa. (O Estado de São Paulo, Aliás Debate)



Economistas cobram ajuste fiscal severo (Estado, 29.08.06)

2006. A preview of the debate to be published three days later on the Brazilian economic growth. O Estado de S.Paulo.



Prefácio a Agricultura Empresarial

2006. Writing a book on entrepreneurial agriculture, Antonio José de Oliveira Costa understood the risk that the Dutch Disease represents to farmers. (Preface to Agricultura Empresarial)



Armadilha do câmbio (Folha, 14.08.06)

2006. (Article: Folha de S.Paulo)



The substitution of foreign for domestic savings and its inverse: the Brazilian case

2006. The rate of substitution of foreign for domestic savings was high in Brazil in the period 1994-99, as the inverse rate was also high in the 2000-05 period. The critique of growth with foreign savings applied to Brazil. (Unpublished paper)



Juros, câmbio e ajuste fiscal (Folha, 03.07.06)

2006. Fiscal adjustment is always necessary, but, contrarilly to what conventional orthodoxy says, it is not its lack in Brazil that explain the astronomic interest rates. (Article: Folha de S.Paulo)



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).



México e Mercosul (Folha, 19.06.06)

2006. As Mexico is in NAFTA, Mercosul does not have interest in having it as a member. (Article: Folha de S.Paulo).



Bresser propõe novo desenvolvimentismo (Folha, 11.06.06)

2006. New developmetalism is a national growth strategy - an alternative to the present conventional orthodoxy. See paper on the subject. (Interview: Folha de S.Paulo).



Carta a Roberto Giannetti da Fonseca

2006. (Letter). Leia também o artigo de Roberto Giannetti a que me refiro nesta carta.



Substituição da poupança interna pela externa e seu inverso: o caso do Brasil

2006. The rate of substitution of foreign for domestic savings was high in Brazil in the period 1994-99, as the inverse rate was also high in the 2000-05 period. The critique of growth with foreign savings applied to Brazil.(Paper)





Bresser pede fim de 11 anos de ortodoxia econômica (Estado, 24.03.06)

2006.3. PSDB is divided between the Rio group, that supports the present conventional orthodoxy, and the São Paulo group that critiques it.(Interview: O Estado de S.Paulo)



Giddens, Lula e a ortodoxia convencional (Folha, 13.03.06)

2006.3. Giddens believes that Lula is a left politician, but, through a high interest rate, he is just transferring income from the poor to the rentiers. (article: Folha de S.Paulo).



Qual é a política econômica do PSDB? (Folha, 27.02.06)

2006.2. PSDB is divided. One group supports the present economic policies, the other, rejects them. (Article: Folha de S.Paulo).



Duas razões estruturais (Folha, 13.02.06)

2006. Social inequality and the loss of the concept of nation are the two structural causes behind Brazil's long term quasi-stagnation. (Article: Folha de S.Paulo)



Agendas e objetivos diferentes (Folha, 30.01.06)

2006. 'New developmentalism' is a third alternative between the conventional wisdom and the dominated or populist wisdom. (Article: Folha de S.Paulo)



Como baixar o nível dos juros (Folha, 16.01.06)

2006. The basic steps required to Brazil get out of the interest rate trap in which it is. A change in the 'regiime' of monetary policy is necessary. (Article: Folha de S.Paulo)



Crescimento não elege Lula, diz Bresser (Folha, 06.01.06)

2006. The sheer economicism of political analysts does not make sense.(Interview: Folha de S.Paulo)



Juros altos e câmbio destroem indústria, afirma economista

2006. Interview of Gabriel Palma on the high interest rate in Brazil. (Folha)



Transferência indevida e injusta (Folha, 02.01.06)

2006. Labor revenues decreased in real between 1994 and 2004, despite a small increase in per capita income. The incongruency comes out of the interest paid to rentiers. (Article: Folha de S.Paulo)



Por quê? (Folha, 19.12.05)

2005. The groups that gain with the high interest rate and depreciated currency.(Article: Folha de S.Paulo)



O PSDB e a política monetária (Folha, 05.12.05)

2005. If PSDB was in office, I doubt that it would have the present interest rate policy. (Article: Folha de S.Paulo).



Um outro basta? (Folha, 21.11.05)

2005. Brazil said 'basta' to Alca, and may say the same to WTO and the Doha Round. It is better to say that than to have a disastrous agreement as it was the Urugay Round for developing countries. (Article: Folha de S.Paulo)



A competência da Argentina (Folha, 07.11.05)

2005. A competent economic policy shows that Argentina learned from her mistakes, and projects Kirchner as a Latin American leader. (Article: Folha de S.Paulo)



Uma Sociedade Atônita (Folha, 10.10.05)

2005. The Brazilian society is appalled by the administration's political corruption and opportunism in economic policy. (Article: Folha de S.Paulo)



IDH, concentração e desenvolvimento (Folha, 12.09.05)

2005. The Brazilian IDH is improving not because income is increasing but because since the transition to democracy (1985) a major effort is being made in the area of social expenditures. (Article: Folha de S.Paulo)



Por que não haverá crise econômica no Brasil (Folha, 29.08.05)

2005. The political crisis will not entail an economic crisis because it is a 'government's crisis', not a crisis of the state or the property system. (Article: Folha).



Estratégia de baixa da Selic (Folha, 04.07.05)

2005. The zero nominal deficit policy only makes sense if it is part of a strategy of civilized basic interest rate.(Article: Folha de S.Paulo)



Como o Presidente Itamar (Folha, 20.06.05)

2005. As inflation in the time of president Itamar Franco, today the Selic interest rate Selic is the Brazil's scourge. Itamar Franco changed finance ministers four times to find one able to control inflation. (Article: Folha de S.Paulo)



A maldição dos recursos naturais (Folha, 06.06.05)

2005. In this small article I drafted for the first time my model of the Dutch disease with two equilibrium exchange rates. And related it with deindustrialization and quasi-stagnation. (Article: Folha de S.Paulo).



O sistema econômico brasileiro

2005. The Brazilian economic system's inner logic is not economic growth but providing high interest rates for local and foreign rentiers. (Note: Conjuntura Econômica)*.



Perspectivas de crescimento da economia

2005. Despite the the huge foreign accounts adjustment (1999-03) growth prospects for the Brazilian economy are dismal, given the high intest rate.(Note: Boletim de Conjuntura Economia & Tecnologia)*.



Câmbio e juros (Folha, 09.05.05)

2005. The Lula administrtion cannot avoid exchange rate appreciation because it is trapped by its policy on the interest rate. To buy dollars is impossible given the financial costs involved.(Article: Folha de S.Paulo)



Vitória da Argentina (Folha, 14.03.05)

2005. Argentina's debt restructuration does not teach not to pay debts, but demonstrates that developing countries do not need to bow Washington and New York.(Article: Folha de S.Paulo).



FMI e nação (Folha, 28.02.05)

2005. To renew the agreement with the IMF when this is not necessary is to accept national submission.(Article: Folha de S.Paulo)




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