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Exchange rate as economic development device

Author

Listed:
  • Lauro Mattei
  • Thaís Scaramuzzi

Abstract

This article discusses the importance of the exchange rate in the economic development process. After a brief discussion about this issue, the paper presents a historical vision of the exchange policy adopted in Brazil from 1995 until now. This policy took part in the stabilization macroeconomic program implemented in the country since then. Thus, we are discussing the main effects of the economic exchange policy over the industrial sector, highlighting the fact that there are some empirical evidences about the deindustrialization process in Brazil nowadays. What could explain it is the behavior of the share of technological content of the products that compose the international trade of the country. Recently one can observe that there is an expressive growth in the share of the non-industrial products, which could characterize the deindustrialization process in the country. JEL Classification: O14; O24; O25.

Suggested Citation

  • Lauro Mattei & Thaís Scaramuzzi, 2016. "Exchange rate as economic development device," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(4), pages 726-747.
    • Handle: RePEc:ekm:repojs:v:36:y:2016:i:4:p:726-747:id:204
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/204/194
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    More about this item

    Keywords

    Political economy; exchange rate; deindustrialization;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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