IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v54y2022i3p317-333.html

Development Trajectories and Institutional Reform in Brazil: The Duality Problem Revisited in the Twenty-First Century

Author

Listed:
  • Luis Otavio Bau Macedo

Abstract

This essay aims at providing a novel analytical framework based on the concept of "duality" as proposed by the Brazilian economist Ignacio Rangel. In this portrayal, neoliberal policies are the consequence of the reinforcement of the dual character of the Brazilian society, which induces the economic outcomes of financialization and regression amid institutional change that (re)position class asymmetries. In this scheme, redistributive welfare state measures are of key importance to maintaining social cohesion and political support and, therefore, enabling the harmonization of these conflicting objectives in a neoliberal economic agenda. In this framework, the current Brazilian right-wing extremism and crisis is the outcome of such long-term entanglement in which democratic mediation is jeopardized. JEL Classification : B51, P16

Suggested Citation

  • Luis Otavio Bau Macedo, 2022. "Development Trajectories and Institutional Reform in Brazil: The Duality Problem Revisited in the Twenty-First Century," Review of Radical Political Economics, Union for Radical Political Economics, vol. 54(3), pages 317-333, September.
    • Handle: RePEc:sae:reorpe:v:54:y:2022:i:3:p:317-333
    DOI: 10.1177/04866134221086034
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/04866134221086034
    Download Restriction: no
    File URL: https://libkey.io/10.1177/04866134221086034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Luiz Carlos Bresser-Pereira, 2012. "Macroeconomia estruturalista e o novo desenvolvimentismo," Brazilian Journal of Political Economy, FGV EAESP, vol. 32(3), pages 347-366, July.
    2. Peter Dauvergne & Déborah BL Farias, 2012. "The Rise of Brazil as a Global Development Power," Third World Quarterly, Taylor & Francis Journals, vol. 33(5), pages 903-917.
    3. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    4. Ben Ross Schneider, 2015. "O estado desenvolvimentista no Brasil: perspectivas históricas e comparativas," Brazilian Journal of Political Economy, FGV EAESP, vol. 35(1), pages 114-132, January.
    5. Bresser-Pereira, Luis Carlos & de Paula, Luiz Fernando & Bruno, Miguel, 2020. "Financialization, coalition of interests and interest rate in Brazil [Financiarisation, coalition d’intérêts et taux d’intérêt au Brésil]," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 27.
    6. Luiz Bresser-Pereira, 2012. "Summing Up Structuralist Development Macroeconomics and New Developmentalism," Challenge, Taylor & Francis Journals, vol. 55(5), pages 59-78.
    7. Lee J. Alston & Marcus André Melo & Bernardo Mueller & Carlos Pereira, 2016. "Brazil in Transition: Beliefs, Leadership, and Institutional Change," Economics Books, Princeton University Press, edition 1, number 10745, December.
    8. Lavinas, Lena & Araújo, Eliane & Bruno, Miguel, 2019. "Brazil: from Eliticized- to Mass-Based Financialization [Brésil : de la financiarisation par les élites à la financiarisation de masse]," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 25.
    9. Andre Averbug, 2002. "The Brazilian Economy in 1994–1999: From the Real Plan to Inflation Targets," The World Economy, Wiley Blackwell, vol. 25(7), pages 925-944, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Karsten Kohler & Engelbert Stockhammer, 2023. "Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 551-572.
    2. Clovis Freire, 2017. "Economic Diversification: Explaining the pattern of diversification in the global economy and its implications for fostering diversification in poorer countries," Working Papers 150, United Nations, Department of Economics and Social Affairs.
    3. Botta, Alberto & Porcile, Gabriel & Spinola, Danilo & Yajima, Giuliano Toshiro, 2023. "Financial integration, productive development and fiscal policy space in developing countries," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 175-188.
    4. Freire Junior, Clovis, 2017. "Promoting structural transformation: Strategic diversification vs laissez-faire approach," MERIT Working Papers 2017-037, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. 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).
    6. Nikhat KHALID & Saba ISMAIL, 2022. "The dynamics of India – ASEAN trade with special reference to manufactured exports and their technological composition," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(630), S), pages 161-172, Spring.
    7. Guadagno, Francesca, 2016. "The determinanths of industrialisation in developing countries, 1960-2005," MERIT Working Papers 2016-031, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. Arman Avadikyan & Gilles Lambert & Christophe Lerch, 2016. "A Multi-Level Perspective on Ambidexterity: The Case of a Synchrotron Research Facility," Working Papers of BETA 2016-44, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    9. Francesco Bogliacino & Mario Pianta, 2016. "The Pavitt Taxonomy, revisited: patterns of innovation in manufacturing and services," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(2), pages 153-180, August.
    10. Balland, Pierre-Alexandre & Boschma, Ron, 2022. "Do scientific capabilities in specific domains matter for technological diversification in European regions?," Research Policy, Elsevier, vol. 51(10).
    11. Grillitsch, Markus & Asheim, Björn & Fünfschilling, Lea & Kelmenson, Sophie & Lowe, Nichola & Lundquist, Karl Johan & Mahmoud, Yahia & Martynovich, Mikhail & Mattson, Pauline & Miörner, Johan & Nilsso, 2023. "Rescaling: An Analytical Lense to Study Economic and Industrial Shifts," Papers in Innovation Studies 2023/11, Lund University, CIRCLE - Centre for Innovation Research.
    12. Baldwin, Carliss Y. & Bogers, Marcel L.A.M. & Kapoor, Rahul & West, Joel, 2024. "Focusing the ecosystem lens on innovation studies," Research Policy, Elsevier, vol. 53(3).
    13. Oliver Falck & Anita Fichtl & Tobias Lohse & Friederike Welter & Heike Belitz & Cedric von der Hellen & Carsten Dreher & Carsten Schwäbe & Dietmar Harhoff & Monika Schnitzer & Uschi Backes-Gellner & C, 2019. "Steuerliche Forschungsförderung: Wichtiger Impuls für FuE-Aktivitäten oder zu wenig zielgerichtet?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(09), pages 03-25, May.
    14. Silverberg, Gerald & Verspagen, Bart, 2002. "A Percolation Model of Innovation in Complex Technology," Research Memorandum 032, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    15. Carolina Castaldi & Roberto Fontana & Alessandro Nuvolari, 2009. "‘Chariots of fire’: the evolution of tank technology, 1915–1945," Journal of Evolutionary Economics, Springer, vol. 19(4), pages 545-566, August.
    16. Tamer Khraisha & Keren Arthur, 2018. "Can we have a general theory of financial innovation processes? A conceptual review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-27, December.
    17. Petersen, Alexander M. & Rotolo, Daniele & Leydesdorff, Loet, 2016. "A triple helix model of medical innovation: Supply, demand, and technological capabilities in terms of Medical Subject Headings," Research Policy, Elsevier, vol. 45(3), pages 666-681.
    18. Luigi Orsenigo & Fabio Pammolli & Massimo Riccaboni & Andrea Bonaccorsi & Giuseppe Turchetti, 1997. "The Evolution of Knowledge and the Dynamics of an Industry Network," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 1(2), pages 147-175, June.
    19. Boon, L.N. & Brière, M. & Rigot, S., 2018. "Regulation and pension fund risk-taking," Journal of International Money and Finance, Elsevier, vol. 84(C), pages 23-41.
    20. Hagedoorn, John & Carayannis, Elias & Alexander, Jeffrey, 2001. "Strange bedfellows in the personal computer industry: technology alliances between IBM and Apple," Research Policy, Elsevier, vol. 30(5), pages 837-849, May.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

    Statistics

    Access and download statistics

    Corrections

    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:sae:reorpe:v:54:y:2022:i:3:p:317-333. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.