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Reflecting on new developmentalism and classical developmentalism

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  • Bresser-Pereira, Luiz Carlos

Abstract

This paper, first, distinguishes new developmentalism, a new theoretical system that is being created, from really existing developmentalism – a form of organizing capitalism. Second, it distinguishes new developmentalism from its antecedents, Development Economics or classical developmentalism and Keynesian Macroeconomics. Third, it discusses the false opposition that some economists have adopted between new developmentalism and social-developmentalism, which the author understands as a form of really existing developmentalism; as theory, it is just a version of classical developmentalism with a bias toward immediate consumption. Finally, it makes a summary of new developmentalism – of its main political economy, economic theory and economic policy claims

Suggested Citation

  • Bresser-Pereira, Luiz Carlos, 2015. "Reflecting on new developmentalism and classical developmentalism," Textos para discussão 395, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    • Handle: RePEc:fgv:eesptd:395
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    References listed on IDEAS

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    1. Luiz Bresser Pereira & Fernando Dall’Acqua, 1991. "Economic Populism Versus Keynes: Reinterpreting Budget Deficit in Latin America," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 14(1), pages 29-38, September.
    2. Hirschman,Albert O., 1981. "Essays in Trespassing," Cambridge Books, Cambridge University Press, number 9780521282437.
    3. 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.
    4. Fernando Ferrari Filho & Pedro Cezar Dutra Fonseca, 2015. "Which developmentalism? A Keynesian–Institutionalist proposal," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 90-107, January.
    5. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Oxford University Press, vol. 14(4), pages 375-393, December.
    6. 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).
    7. Bresser Pereira,Luiz Carlos, 2010. "Globalization and Competition," Cambridge Books, Cambridge University Press, number 9780521144537.
    8. Bresser Pereira,Luiz Carlos, 2010. "Globalization and Competition," Cambridge Books, Cambridge University Press, number 9780521196352.
    9. Bresser-Pereira, Luiz Carlos, 2015. "After the demise of neoliberalism but not of conservatism, a third developmentalism?," Textos para discussão 394, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    10. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
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    Cited by:

    1. Bresser Pereira, Luiz Carlos, 2019. "Models of the developmental state," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Ariel Dvoskin & Germán David Feldman, 2018. "A formal assessment of new-developmentalist theory and policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(3), pages 395-413.
    3. Bresser-Pereira, Luiz Carlos, 2017. "How to neutralize the Dutch disease notwithstanding the natural resources curse," Textos para discussão 452, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    4. Gala, Paulo & Camargo, Jhean & Magacho, Guilherme & Rocha, Igor, 2018. "Sophisticated jobs matter for economic complexity: An empirical analysis based on input-output matrices and employment data," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 1-8.
    5. Paulo Gala & Igor Rocha & Guilherme Magacho, 2018. "The structuralist revenge: economic complexity as an important dimension to evaluate growth and development," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(2), pages 219-236.
    6. Judit Ricz, 2016. "Developmental states in the 21st century - analytical structure of a new approach," IWE Working Papers 223, Institute for World Economics - Centre for Economic and Regional Studies.
    7. Gabriel Porcile & Giuliano Toshiro Yajima, 2019. "New Structuralism and the balance-ofpayments constraint," Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(4), pages 517-536, October.
    8. Aguiar de Medeiros, Carlos & Trebat, Nicholas, 2016. "Latin America at a Crossroads: Controversies on Growth, Income Distribution and Structural Change," Centro Sraffa Working Papers CSWP22, Centro di Ricerche e Documentazione "Piero Sraffa".
    9. Basil Oberholzer, 2021. "Managing commodity booms: Dutch disease and economic performance," PSL Quarterly Review, Economia civile, vol. 74(299), pages 307-323.
    10. Ugurlu, Esra Nur & Razmi, Arslan, 2023. "Political economy of real exchange rate levels," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 918-940.
    11. Alfano, Lucia, 2022. "The new developmental state and the challenges of the socio-ecological transformation: Lessons from Argentina and Brazil," IPE Working Papers 189/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    12. Gomes Schapiro Mario & Pereira Saylon Alves, 2019. "Developmental State with Neoliberal Tools: A Portrait of the Brazilian Housing Financial System," The Law and Development Review, De Gruyter, vol. 12(2), pages 457-493, June.
    13. Thomas Palley, 2022. "More on the limits of New Developmentalism," Working Papers PKWP2213, Post Keynesian Economics Society (PKES).
    14. Nassif, André & Morandi, Lucilene & Araújo, Eliane & Feijó, Carmem, 2020. "Economic development and stagnation in Brazil (1950–2011)," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 1-15.
    15. Bresser-Pereira, Luiz Carlos & Araújo, Eliane Cristina & Costa Peres, Samuel, 2020. "An alternative to the middle-income trap," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 294-312.
    16. Yoan Molinero-Gerbeau & Ana López-Sala & Monica Șerban, 2021. "On the Social Sustainability of Industrial Agriculture Dependent on Migrant Workers. Romanian Workers in Spain’s Seasonal Agriculture," Sustainability, MDPI, vol. 13(3), pages 1-17, January.
    17. Bresser-Pereira, Luiz Carlos, 2017. "The economics and the political economy of new-developmentalism," Textos para discussão 464, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).

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    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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