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Why Did Trade Liberalization Work for East Asia but Fail in Latin America?

  • autor: Luiz Carlos Bresser-Pereira

2019. Latin America was not caught in the 'middle-income trap" but into the "1980s' liberalization trap", while East Asia overcome its middle-income condition and are today rich countries, or, in the case of China, heading to become so. (Paper: Challenge)

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Models of the developmental state

  • autor: Luiz Carlos Bresser-Pereira

2019. All industrial revolutions happened in the framework of a developmental state. We can distinguish in history four basic models of developmental state. Spanish version available(Papers)

Modelos de estado desarrollista

  • autor: Luiz Carlos Bresser-Pereira

2019. All industrial revolutions happened in the framework of a developmental state. We can distinguish in history four basic models of developmental state. English version available. (Papers)

 

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Neoliberalismo e nacionalismo de direita: rumos divergentes no mundo rico e no Brasil

2019. Diálogos Luso-Brasileiros, ciclo de conferências realizados pelo Instituto Superior de Economia e Gestão (ISEG) da Universidade de Lisboa, 4 de novembro de 2019.

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Macroeconomia Novo-Desenvolvimentista (State of the art in 2018)

2019. Sumary of New Developmentalism's development macroeconomics (a work in progress) as it standed in the end of 2018. (paper in edited book)

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Do desenvolvimentismo clássico e da macroeconomia pós-Keynesian ao novo desenvolvimentismo

2019. An introduction to New-Developmental Theory or New Developmentalism. How it was born from Classical Developmentalism or Development Macroeconomics and Post-Keynesian Economics. (Paper in BJPE)

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From classical developmentalism and post-Keynesian macroeconomics to new developmentalism

2019. An introduction to New-Developmental Theory or New Developmentalism. How it was born from Classical Developmentalism or Development Macroeconomics and Post-Keynesian Economics. (Paper in BJPE)

Desenvolvimento, sofisticação produtiva, valor-trabalho e salários

2019. Economic growth involves increase of real wages. Which are not detemined by the subsistence level of the workers but from their cost of reproduction that increase with the value-added per capita, while the profit rate remains satisfying - enough to lead companies to invest. Paper (Nova Economia)

Brazil's macroeconomic policy institutions, quasi-stagnation, and the interest rate - exchange rate trap

  • autor: Luiz Carlos Bresser-Pereira

2017. The Brazilian economy is quasi stagnant since the 1980s. Public savings are insufficient to finance public investments. Since 1990, it is caught in a high-interest rate-overvalued currency trap that makes the competent industrial firms not competitive and unable to invest. (Paper in Handbook)

Secular stagnation, low growth, and financial instability

2019. Secular stagnation of contemporary capitalism is associated to low productiviity, profits achieved through monopoly power, profusion of capitals, and the successful competition of some developing countries. (International Journal of Political Economy)

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Para além do capitalismo neoliberal: as alternativas políticas

2019. Com Cícero Araújo. The neoliberal project failed. Is the alternative project - a developmental project - to succeed in the framework of globalization? (Paper: Dados)

Why, from the 1980s, did East Asia continue to grow while Latin America fall behind?

2019. Latin America was not bcaught in the 'middle-income trap" but into the "1980s' liberalization trap", while East Asia overcome its middle-income condition and are today rich countries, or, in the case of China, heading to become so. (paper)

What institutions make capitalism unjust?

2019. A society is just when economic and political inequality is reasonably low. Institutions that assure civil and political rights are able to eliminate legal privileges by making everybody equal before the law, but they are less effective in reducing economic inequality, which is embedded in the structure of society.

Revolução Capitalista e desenvolvimento

2019. The Capitalist Revolution envelops the Commercial Revolution, the formation of the nation-states, and the industrial revolution. England was the first nation to "complete" it. After each country makes the Capitalist Revolution, economic development begins and turns self-sustained. (paper)

A guide to my work

2017. A guide to the ones who may be interested in a general vision of the work of Bresser-Pereira.

Direitos republicanos e a captura 'legal' do Estado brasileiro

2018. Direitos republicanos são os direitos que cada cidadão tem de que o patrimônio público seja utilizado para fins públicos. (article: Revista do Serviço Público)

Multilateral development banks, new developmentalism and local currency financing

  • autor: Luiz Carlos Bresser-Pereira, Cinthia Bechelaine

2018. Multilateral Development Banks (MDBs) are designed to finance investments to promote global economic and social development. The objective of this paper is to discuss a key component to meet the demand for investment from developing countries, which is the ability of MDBs to provide loans in local currency rather than in foreign currency. To explain how these institutions fulfill this purpose, we distinguish "traditional" from "new" MDBs, discuss the problems generated from foreign currency indebtedness and explore a way out, or an alternative explanation, based on New Developmentalism theory and local currency financing challenge.

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The rise of a new developmental macroeconomics for middleincome countries: From classical to new developmentalism

2018. New developmentalism was born from classical developmentalism and post-Keynesian macroeconomics. This paper tels this history. Is a good introduction do new developmentalism. (Paper)