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The access to demand

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  • Bresser-Pereira, Luiz Carlos

Abstract

In this paper I argue that, in developing countries, sufficient aggregate demand is not enough to motivate investment and achieve full employment. Besides, according to the Keynesian developmental macroeconomics under construction, competent business enterprises must have access to that demand –access which is denied to most of them because developing countries face the tendency to the cyclical and chronic overvaluation of the exchange rate

Suggested Citation

  • Bresser-Pereira, Luiz Carlos, 2014. "The access to demand," Textos para discussão 366, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    • Handle: RePEc:fgv:eesptd:366
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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. Bresser-Pereira, Luiz Carlos & Rossi, Pedro, 2014. "Sovereignty, exchange rate and the Euro crisis," Textos para discussão 371, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    3. Bresser-Pereira, Luiz Carlos & Feijó, Carmem & Araújo, Eliane Cristina de, 2021. "Do liberal policy regimes condemn Latin America to quasi-stagnation?," Textos para discussão 541, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).

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