2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington's conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Updated and improved version of "Novo desenvolvimentismo e ortodoxia convencional". (Paper in book edited by Bresser-Pereira)
NEW-DEVELOPMENTAL THEORY (NDT)
ND - ECONOMICS - ALL TEXTS
2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Portuguese and English versions available. (Paper: Economía Unam)
2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English and Spanish versions available. (Paper: Revista São Paulo em Perspectiva)
2006. Paper comparing three growth strategies old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. An improved version available with the title "Macroeconomics of stagnation and new developmentalism".(Paper Economie Appliquée).
2006. The exchange rate determines not only exports and imports, but also real wages, consumption and the savings rate. (Preface to book edited by Mathias Vernengo)
2005. Economic growth is the outcome of a national strategy of development. The characteristics and main tensions involved in these national strategies discussed. Texto para Discussão que originou "Estratégia nacinal de desenvolvimento" e "National development strategy: the key institution"..
2005. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (In edited book, Novo Desenvolvimentismo)*
2004. The critique of the growth cum foreign savings strategy adopted in the Cardoso administration. Foreign finance does not cause growth. Spanish version available. (Paper: International Journal of Political Economy)*
2004. The growth cum foreign savings strategy and the consequent exchange rate evaluation is the basic cause behind Cardoso administration's poor economic performance. Translation of "O Segundo Consenso de Washington e a Quase-estagnação do Brasil". (Paper: Problèmes d'Amérique Latine)*
2004. New developmentalism compared with the old one and with conventional orthodoxy. (Article: Folha de S.Paulo)
2003. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (Paper: Análise Econômica)*
2002. With Yoshiaki Nakano. Developing countries' poor performance in the 1990s is related to the Washington strategy of growth with foreign savings. Portuguese version available.(Paper presented to International Post Keynesian Workshop).
2003. With Yoshiaki Nakano. Developing countries poor performance in the 1990s is related to the Washington strategy of growth with foreign savings and open capital accounts. English version available.(Paper Revista de Economia Política)*
2003. A comparison between two economic approaches: structuralist new developmentalism and conventional orthodoxy. (Participation in the XXIV LASA Congress)
Luiz Carlos Bresser-Pereira e Yoshiaki Nakano (2002). Resposta à carta de Edmar Bacha, também publicada neste site, comentando o artigo "Uma estratégia de crescimento com estabilidade".
2002. The growth cum foreign savings strategy and the consequent exchange rate overevaluation is the basic cause behind Cardoso administration's poor economic performance. Portuguese version available: O Segundo Consenso de Washington e a Quase-Estagnação da Economia Brasileira. (Paper: BNDES 50 Years)*
2001. With Yoshiaki Nakano. A critique of economic policy - particularly of the high interest rates - adopted from 1995. Originally it was written as a document to PSDB. It is one of the founding papers of New Developmentalism. Spanish version available. (Paper/document: Revista de Economia Política, July 2002).*
2002. An overview of the Brazilian economy since the 1970s. Income concentrated in the period, but only some additional reduction in wages and salaries as a consequence of a less appreciated exchange rate will permit the country to resume growth. (Paper in book edited by Ricardo Bielschowky e Ricardo Mussi, Políticas para a Retomada do Crescimento - Reflexões de Economistas Brasileiros).
2001. There are some consensus and some strategic decisions to be taken in Latin America, after the crisis of structuralism, and of orthodox reforms. English version available.(Paper: Revista de Economia Política) *
2001. There are some consensus and some strategic decisions to be taken in Latin America, after the crisis of structuralism, and of orthodox reforms. Portuguese version available. (Paper presented in conference at Oxford University; not published; available only in this site)