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paper: The New Developmentalism as a Weberian ideal type
Author: Luiz Carlos Bresser-Pereira
Paper in honor of Roberto Frenkel, in his 70 years Festrischt, September 22, 2012., vol. , nº , /2012, pp. -

 
paper: Paradigmas del desarrollo económico: el renacimiento del Desarrollismo en Brasil y Argentina
Author: Ernesto A. O'Connor
Revista Debates Latinoamericanos. CLEA. Centro Latinoamericano de Estudios Avanzados. Red Latinamericana de Cooperación Universitaria. Buenos Aires. Argentina., vol. volumen 2/2012 (octubre), Nº 20., nº Nº 20. , Año 10/2012, pp. 38-75
Abstract: This paper discusses the emergence of new economic and social development strategies, specifically in Brazil and Argentina. The impact of the global crisis is reviewed to contextualize the timing of these new strategies. In this context, the appreciation of the economic policy and the role of strong states in relation to the market are two main issues. Brazil’s Neodevelopmentalism and Argentina‘s Protectionist Neodevelopmentalism, since the early 2000s, are presented as two alternatives to the global crisis, analyzing its course and main trends.

 
paper: Paradigmas del desarrollo económico: el renacimiento del Desarrollismo en Brasil y Argentina
Author: Ernesto A. O'Connor
Revista Debates Latinoamericanos. CLEA. Centro Latinoamericano de Estudios Avanzados. Red Latinamericana de Cooperación Universitaria. Buenos Aires. Argentina., vol. volumen 2/2012 (octubre), Nº 20., nº Nº 20. , Año 10/2012, pp. 38-75
Abstract: This paper discusses the emergence of new economic and social development strategies, specifically in Brazil and Argentina. The impact of the global crisis is reviewed to contextualize the timing of these new strategies. In this context, the appreciation of the economic policy and the role of strong states in relation to the market are two main issues. Brazil’s Neodevelopmentalism and Argentina‘s Protectionist Neodevelopmentalism, since the early 2000s, are presented as two alternatives to the global crisis, analyzing its course and main trends.

 
paper: El Neodesarrollismo brasileño como propuesta de desarrollo para Argentina
Author: Ernesto A. O'Connor
Economic Studies of International Development. Universidad de Santiago de Compostela. Galicia. España. , vol. Vol. 10-2 , nº , Julio-Diciembre/2010, pp. 55-80
Abstract: El desarrollismo ha sido, dentro de la estrategia de sustitución de importaciones de América Latina, una estrategia “especial”, o diferente, sobre todo en Brasil y la Argentina. En Brasil, bajo la forma de desarrollismo nacional, se extendió hasta los años ’90; se puede afirmar que en los ‘2000, ha pasado a consolidarse una nueva estrategia, el Neodesarrollismo, que actualiza elementos del desarrollismo en un contexto de activa globalización comercial desde Asia Pacífico. La Argentina, por su parte, no ha renovado una estrategia desarrollista, siendo su potencial similar al de Brasil, pero aún puede intentar un Neodesarrollismo.

 
paper: El Neodesarrollismo brasileño como propuesta de desarrollo para Argentina
Author: Ernesto A. O'Connor
Economic Studies of International Development. Universidad de Santiago de Compostela. Galicia. España. , vol. Vol. 10-2 , nº , Julio-Diciembre/2010, pp. 55-80
Abstract: El desarrollismo ha sido, dentro de la estrategia de sustitución de importaciones de América Latina, una estrategia “especial”, o diferente, sobre todo en Brasil y la Argentina. En Brasil, bajo la forma de desarrollismo nacional, se extendió hasta los años ’90; se puede afirmar que en los ‘2000, ha pasado a consolidarse una nueva estrategia, el Neodesarrollismo, que actualiza elementos del desarrollismo en un contexto de activa globalización comercial desde Asia Pacífico. La Argentina, por su parte, no ha renovado una estrategia desarrollista, siendo su potencial similar al de Brasil, pero aún puede intentar un Neodesarrollismo.

 
paper: Trade with China and Strategy in South American Recent Economic Development
Author: Ernesto A. O'Connor
Revista de Economía Política. Brazilian Journal of Political Economy. , vol. Vol. 32, nro 3 (128), nº nro 3 (128) , Jul-Set 2012. São Paulo. Brasil./2012, pp. 513-526
Abstract: Trade between South America and China has been an important source of the high growth shown by those economies in the ‘2000s. During the globalization of the ‘90s, trade between the region and China had not developed so much. A rather sharp growth in China’s presence in world trade since the beginning of the ‘2000s changed the world trade trends for MERCOSUR countries, or, at least, for many of them. The impact of the increasing trade of agrifood has been very relevant, and different per country. Strategy is another important issue, referring to bilateral relations with China. This country should be seen as a partner in the global trade, and not as a new foreign investor for the region, but this may be different in the context of different national strategies of South American countries.

 
paper: Macroeconomic policy, growth and income distribution in the Brazilian economy in the 2000s
Author: Franklin Serrano & Ricardo Summa
draft for discussion purposes, vol. , nº , /2011, pp. -

 
book: Developing Brazil: Overcoming the failure of the Washington consensus
Author: Luiz Carlos Bresser-Pereira
Boulder, Colorado, Lynne Rienner Publishers, 2009
Abstract: After the 1994 Real Plan ended fourteen years of high inflation in Brazil, the economy was expected - mistakenly - to grow quickly. The book discusses Brazilian economic trajectory from the mid-1990s to the present Lula administration, critically appraising the neoliberal reforms that have curtailed growth and proposing a national development strategy geared toward effective competition in the global marketplace. An encompassing analysis of the Brazilian macroeconomic system. The failure of the Washington consensus or of conventional orthodoxy in making Brazil to catch up after the 1994 Real Plan stabilized high and inertial inflation.

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http://www.bresserpereira.org.br/view.asp?cod=3037
paper: A Savage Sorting of Winners and Losers: Contemporary Versions of Primitive Accumulation'
Author: Saskia Sassen
Globalizations , vol. 7, nº 1 , January-April/2010, pp. 23-50

 
paper: Overreaction in Capital Flows to Emerging Markets: Booms and Sudden Stops Manuel
Author: Manuel Agosin and Franklin Huaita
Working Paper 295, Department of Economics, Universidad de Chile, vol. , nº , April/2009, pp. -
Abstract: This paper applies the overreaction hypothesis of De Bondt and Thaler (1985), developed for stock price behaviour, to capital flows to emerging markets. We find that a surge in capital flows, or what we call a capital boom, can predict future sharp contractions in capital flows, or sudden stops. We use a large list of possible economic fundamentals as control variables, and the results show that the best predictor of a sudden stop is a preceding capital boom. Moreover, the probability of a country undergoing a sudden stop increases considerably with the length of the boom: this probability more than doubles when the boom is three years old, and rises by three to four times when the boom lasts for four years. These results contradict previous studies that emphasize worsening fundamentals as the ultimate cause of a sudden stop. They also show the enormous negative impacts that sudden stops have on the real economy.

 
paper: Development theories and development experience: half a century journey
Author: Vladimir Popov
Not published, vol. , nº , /2010, pp. -
Abstract: This paper examines the impact that development theories have had on development policies, and the inverse impact of actual successes and failures in the global South on development thinking. It is argued that development thinking is at the cross-roads. Development theories in postwar period went through a full circle – from Big Push and ISI to neo-liberal Washington consensus to the understanding that neither the former, nor the later really works in engineering successful catch-up development. Meanwhile, economic miracles were manufactured in East Asia without much reliance on development thinking and theoretical background – just by experimentation of the strong hand politicians.

 
paper: Global Imbalances: An Unconventional View
Author: Vladimir Popov
IDEAs, Oct. 19, 2010. Also published at Iniciativa para la , vol. , nº , /2010, pp. -
Abstract: Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The chances to close this gap sooner rather than later would be better, if the West would go into debt, allowing developing countries to have trade surpluses that would help them develop faster. Previously, in 16-20th century, it was the West that was developing faster, accumulating surpluses in trade with “the rest” and using these surpluses to buy assets in developing countries, while “the rest” were going into debt. Now it is time for “the rest” to accumulate assets and for the West to go into debt.

 
paper: Accumulation of Foreign Exchange Reserves and Long Term Economic Growth
Author: Victor Polterovich, Vladimir Popov
Slavic Eurasia’s Integration into the World Economy. , vol. , nº , Ed. By S. Tabata and A. Iwashita. Slavic Research Center, Hokkaido University, Sapporo. /2004, pp. -
Abstract: Cross-country regressions, reported in this paper for 1960-99 period, suggest that the accumulation of foreign exchange reserves (FER) contributes to economic growth of a developing economy by increasing both the investment/GDP ratio and capital productivity. We offer the following interpretation of these stylized facts: (1) FER accumulation causes real exchange rate (RER) undervaluation that is expansionary in the short run and may have long term effects, if such devaluations are carried out periodically and unexpectedly; (2) RER undervaluation allows to take full advantages of export externality and triggers export-led growth; (3) FER build up attracts foreign direct investment because it increases the credibility of the government of a recipient country and lowers the dollar price of real assets. A three-sector model of endogenous economic growth (including a consumer good sector, investment good sector and an export trade sector) is suggested to demonstrate how undervaluation may improve social welfare. Concepts of FER accumulation trajectories and equilibrium trajectories are introduced. It is demonstrated that small udervaluation of the equilibrium exchange rate may be wealth improving.

 
book: Globalization and Competition
Author: Luiz Carlos Bresser-Pereira
Cambridge, Cambridge University Press, 2010
Abstract: Globalization and Competition focus on middle-income countries in the framework of commercial and financial globalization: the first viewed as an opportunity, the second as a curse. The objective is to explain why some emerging countries are successful in catching up while others are not. Also published in French, Spanish and Portuguese.

Access Link

http://www.bresserpereira.org.br/view.asp?cod=3971
paper: Dutch disease and its neutralization: a Ricardian approach
Author: Luiz Carlos Bresser-Pereira
Brazilian Journal of Political Economy, vol. 28, nº 1 , January-March/2008, pp. 47-71
Abstract: The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art. It is an obstacle to growth on the demand side, because it limits investment opportunities. The severity of the Dutch disease varies according to the extent of the Ricardian rents involved, i.e., according to the difference between two exchange rate equilibriums: the ‘current’ or market rate and the ‘industrial’ rate – the one that make viable efficient tradable industries.

 
 
   
 
 
The New Developmentalism Project - Structuralist Development Macroeconomics Center - São Paulo School of Economics of Getulio Vargas Foundation

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