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Política cambial, conflito de classes e desenvolvimento econômico na perspectiva de Celso Furtado

Author

Listed:
  • Lúcio Otávio Seixas Barbosa

    (Planning Department of Minas Gerais (SEPLAG-MG))

  • Frederico G. Jayme Jr

    (Cedeplar-UFMG)

  • Fabrício J. Missio

    (Cedeplar-UFMG)

Abstract

The aim of this paper is to analyze the contributions of Celso Furtado regarding the role of exchange rate policy and its relation with social conflict in the economic growth of peripheral economies. For that, we regain Furtado’s analyses about the Venezuelan case and in The Economic Formation of Brazil. We highlight two main conclusions from such works: i) exchange rate appreciation due to natural resources curse harms economic growth; ii) exchange rate policy is mainly a phenomenon associated with political economy, in which social conflict emerges. Hence, we claim that Furtado’s thought is still actual.

Suggested Citation

  • Lúcio Otávio Seixas Barbosa & Frederico G. Jayme Jr & Fabrício J. Missio, 2017. "Política cambial, conflito de classes e desenvolvimento econômico na perspectiva de Celso Furtado," Textos para Discussão Cedeplar-UFMG 562, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td562
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    More about this item

    Keywords

    Development; exchange rate policy; social conflict.;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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