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From political economy to economic policy

Author

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  • Lecio Morais
  • Alfredo Saad-Filho

Abstract

This article critically reviews the design of neo-developmentalist economic policies in Brazil, in the first half of the last decade, and their relationship with the economic policies of the Lula administration after 2006. Paradoxically, the neo-developmentalist policies were implemented jointly with the main (neoliberal) macroeconomic policies which had been introduced earlier. The article reviews the relevant literature, and examines the contradictory nature of this ‘inflection’ of economic policy. So far, this combination of policies has achieved an unquestionable – though provisional – success, despite the persistence of the structural macroeconomic problems due to the continuity of the neoliberal policies. JEL Classification: B52; N16; O11; O54.

Suggested Citation

  • Lecio Morais & Alfredo Saad-Filho, 2011. "From political economy to economic policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 31(4), pages 507-527.
    • Handle: RePEc:ekm:repojs:v:31:y:2011:i:4:p:507-527:id:418
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/418/408
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    More about this item

    Keywords

    Brazilian macroeconomics; new developmentalism; Lula administration;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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