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The Political Economy of the Rise and Decline of Developmental States


  • Carlos Aguiar de Medeiros

    () (Institute of Economics, Federal University of Rio de Janeiro, Brazil)


Based on a classical political economy, on Latin American structuralism, and on Gramscian perspective about the state this paper argues that national economic strategies are formed by particular interactions between institutions and economic structures and evolve according to social conflicts in a non neutral international environment. This idea is explored to interpret the rise of the developmental state in some national development strategies experienced by peripheral countries during the highest convergence period of the Golden Age and its crisis and redefinitions during the greatest divergence phase and neoliberal reforms of the last two decades of the 20th century.

Suggested Citation

  • Carlos Aguiar de Medeiros, 2011. "The Political Economy of the Rise and Decline of Developmental States," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 43-56, March.
  • Handle: RePEc:voj:journl:v:58:y:2011:i:1:p:43-56

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    References listed on IDEAS

    1. Sanjaya Lall, 2000. "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-98," Oxford Development Studies, Taylor & Francis Journals, vol. 28(3), pages 337-369.
    2. Palma, J.G., 2010. "Why has productivity growth stagnated in most Latin-American countries since the neo-liberal reforms? (Revised 26-07-2011)," Cambridge Working Papers in Economics 1030, Faculty of Economics, University of Cambridge.
    3. Pereira, Luiz C. Bresser, 2008. "Globalização e Estado-Nação," Textos para discussão 160, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
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    Cited by:

    1. Tzu-Yi Yang & Yu-Tai Yang, 2015. "A Study on the Asymmetry of the News Aspect of the Stock Market: Evidence from Three Institutional Investors in the Taiwan Stock Market," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(3), pages 361-383, June.

    More about this item


    Political economy; Developmental state; Economic development;

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean


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