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Developmentalism and new-developmentalism. Theoretical roots and conceptual precision

Author

Listed:
  • Maria de Lourdes Rollemberg Mollo
  • Pedro Cezar Dutra Fonseca

Abstract

This paper starts from the conceptualism of New Developmentalism which was proposed by its formulators and their criticism of the “old” developmentalism in order to compare both. It is elaborate in theoretical and historical levels. In the former, it explores the theoretical streams that contributed to the formulation of economic policies that designated the Latin American developmentalism. In the latter, it focuses on the economic policy of the Brazilian import-substitution industrialization and advocates the impropriety of associating it to the irresponsibility in the management of the foreign exchange, fiscal and monetary policies, as the proposers of New Developmentalism assert. Finally, in a third stage, it resumes the propositions of the New Developmentalism and debates the pertinence of some of its policy propositions based upon theoretical considerations and the Brazilian experience which were mentioned in the previous stages. JEL Classification: B15; O11; O23; N16.

Suggested Citation

  • Maria de Lourdes Rollemberg Mollo & Pedro Cezar Dutra Fonseca, 2013. "Developmentalism and new-developmentalism. Theoretical roots and conceptual precision," Brazilian Journal of Political Economy, Center of Political Economy, vol. 33(2), pages 222-239.
    • Handle: RePEc:ekm:repojs:v:33:y:2013:i:2:p:222-239:id:309
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    More about this item

    Keywords

    developmentalism; new developmentalism; Brazilian economy;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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