Luiz Carlos Bresser-Pereira e Paulo Gala
Trabalho escrito para o número 100 da Revista de la CEPAL, 2 de janeiro de 2010.
This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and a new model of the Dutch disease) that complement and actualize the thought of the Latin-American structuralist school that developed around CEPAL (ECLAC) from the late 1940s to the 1960s. On the other hand, it suggests that a new national development strategy based on the experience of fast growing Asian countries is emerging and argues that only the countries that adopt such strategy based on growth with domestic savings, fiscal and foreign trade responsibility, and a competitive exchange rate will be able to catch up.
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1/26/2010 9:36:00 AM - Eduardo (Sao Paulo - SP)
As idéias do novo desenvolvimentismo, se bem aplicadas, poderiam levar a uma coordenação mais eficiente das variáveis macroeconômicas, porém em alguns momentos me pareceram buscar ao mesmo tempo objetivos opos
Macroeconomia estruturalista do desenvolvimento e novo desenvolvimentismo
Luiz Carlos Bresser-Pereira e Paulo Gala
Trabalho escrito para o número 100 da Revista de la CEPAL, 2 de janeiro de 2010.
This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and a new model of the Dutch disease) that complement and actualize the thought of the Latin-American structuralist school that developed around CEPAL (ECLAC) from the late 1940s to the 1960s. On the other hand, it suggests that a new national development strategy based on the experience of fast growing Asian countries is emerging and argues that only the countries that adopt such strategy based on growth with domestic savings, fiscal and foreign trade responsibility, and a competitive exchange rate will be able to catch up.
