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Structuralist Macroeconomics and the New Developmentalism.
- Source :
-
Brazilian Journal of Political Economy / Revista de Economia Política . jul-set2012, Vol. 32 Issue 3, p347-366. 20p. 3 Charts, 1 Graph. - Publication Year :
- 2012
-
Abstract
- This paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease) shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes "new developmentalism" - a sum of growth policies based on these models and on the experience of fast-growing Asian countries. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01013157
- Volume :
- 32
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Brazilian Journal of Political Economy / Revista de Economia PolĂtica
- Publication Type :
- Academic Journal
- Accession number :
- 79355351
- Full Text :
- https://doi.org/10.1590/S0101-31572012000300001