IDEAS home Printed from
   My bibliography  Save this article

Estado, mercado e desenvolvimento: uma nova síntese para o século XXI?


  • Boyer, Robert


Concerning economic and social development, radical differences of view have yielded to a distinct convergence over the last 20 years: to the extent that both State and market intervention have their limits, it is better to combine their specificities and action than to privilege one over the other. Leave strategic decisions to the State and let the market make the day-to-day decisions regarding the allocation of goods that do not presuppose social choice. Experience confirms that the "all State" approach leads to a dead-end, just as the "all market" approach has obvious limitations as regards labour (unemployment, inequality), finance (the potentially disruptive role of speculation) or the environment (the need for government standards). Microeconomic theories confirm the restrictive conditions required for an optimal market equilibrium, analysis of endogenous technical progress gives renewed importance to public intervention to foster development (education, infrastructure, innovation) and contemporary political economy shows that the State does not always act exclusively in favour of development. Alternating between interventionist strategies on the one hand and liberal ones on the other is thus not inevitable. The crisis in Asian countries since 1997 opens the prospect of a new synthesis for the 21st century: the search, as the basis for development, for complementarities between the State and the market, based on other institutional arrangements with rich potential for new forms of economic co-ordination.

Suggested Citation

  • Boyer, Robert, 1999. "Estado, mercado e desenvolvimento: uma nova síntese para o século XXI?," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 12, pages 1-20, January.
  • Handle: RePEc:euc:ancoec:v:12:y:1999:p:1-20

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:euc:ancoec:v:12:y:1999:p:1-20. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.