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The 'developmentalism' debate in Brazil: some economic and political issues

Author

Listed:
  • Adriana Moreira Amado

    (Universidade de Brasilia, Brazil)

  • Maria de Lourdes Rollemberg Mollo

    (Universidade de Brasilia, Brazil and University of CNPq, Brasilia, Brazil)

Abstract

This article analyses different approaches to 'developmentalism,' emphasizing their theoretical origins and identifying their different economic policy implications. Based on the theoretical and empirical characteristics of different growth regimes in Brazil (that is, export-led, demand-led, debt-led, profit-led, and wage-led), the paper recommends that Brazil adopt a 'social developmentalist' growth strategy.

Suggested Citation

  • Adriana Moreira Amado & Maria de Lourdes Rollemberg Mollo, 2015. "The 'developmentalism' debate in Brazil: some economic and political issues," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 77-89, January.
    • Handle: RePEc:elg:rokejn:v:3:y:2015:i:1:p77-89
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    References listed on IDEAS

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    1. Foley, Duncan K., 1982. "Realization and accumulation in a Marxian model of the circuit of capital," Journal of Economic Theory, Elsevier, vol. 28(2), pages 300-319, December.
    2. Bresser-Pereira, Luiz Carlos & Gala, Paulo, 2010. "Macroeconomia estruturalista do desenvolvimento," Textos para discussão 275, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    3. Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November.
    4. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(4), pages 375-393, December.
    5. Luiz Carlos Bresser-Pereira, 2012. "Structuralist macroeconomics and the new developmentalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(3), pages 347-366.
    6. Thomas I. Palley, 2011. "The Contradictions of Export-led Growth," Economics Public Policy Brief Archive ppb_119, Levy Economics Institute.
    7. Stockhammer, Engelbert, 2011. "Wage-led growth: An introduction," Economics Discussion Papers 2011-1, School of Economics, Kingston University London.
    8. Marco Flávio da Cunha Resende & Adriana Amado, 2004. "Liquidez internacional e ciclo reflexo: algumas observações para a América Latina," Textos para Discussão Cedeplar-UFMG td245, Cedeplar, Universidade Federal de Minas Gerais.
    9. A. P. Thirlwall, 2007. "Regional Problems are "Balance-of-Payments" Problems," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 89-95.
    10. repec:ilo:ilowps:478623 is not listed on IDEAS
    11. Özlem Onaran & Engelbert Stockhammer, 2002. "Two Different Export-Oriented Growth Strategies under a Wage-led Accumulation Regime: à la Turca and à la South Korea," Working Papers wp38, Political Economy Research Institute, University of Massachusetts at Amherst.
    12. Maria de Lourdes Rollemberg Mollo, 2001. "A concepção marxista de Estado: considerações sobre antigos debates com novas perspectivas," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 2(2), pages 347-389, July-Dece.
    13. Onaran, Özlem. & Galanis, Giorgos., 2012. "Is aggregate demand wage-led or profit-led? National and global effects," ILO Working Papers 994786233402676, International Labour Organization.
    14. Dutt, Amitava Krishna, 1987. "Alternative Closures Again: A Comment on 'Growth, Distribution and Inflation.'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 11(1), pages 75-82, March.
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    Cited by:

    1. Luiz Carlos Bresser-Pereira, 2016. "Reflecting on new developmentalism and classical developmentalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(2), pages 237-265.
    2. Laura Carvalho & Fernando Rugitsky, 2015. "Growth and distribution in Brazil the 21st century: revisiting the wage-led versus profit-led debate," Working Papers, Department of Economics 2015_25, University of São Paulo (FEA-USP).
    3. Henrique Morrone, 2018. "Which Sectors To Stimulate First In Brazil? Estimating The Sectoral Power To Pull The Economy Out Of The Recession," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 95, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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    More about this item

    Keywords

    developmentalism; Brazilian economy; heterodox thought;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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