New steps in the construction of New Developmentalism

Vol. 43 No. 4 (2023)

Oct-Dez / 2023
Published November 16, 2023
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How to Cite

Bresser-Pereira, Luiz Carlos. 2023. “New Steps in the Construction of New Developmentalism”. Brazilian Journal of Political Economy 43 (4):777-88. https://doi.org/10.1590/0101-31572023-4005.
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New steps in the construction of New Developmentalism

Luiz Carlos Bresser-Pereira
Professor emeritus at Getulio Vargas Foundation, São Paulo/SP, Brazil.
Brazilian Journal of Political Economy, Vol. 43 No. 4 (2023), Oct-Dez / 2023, Pages 777-788

Abstract

In this paper I propose new or relatively new steps in the construction of New
Developmentalism: the existence of current account policies, the policy of growth with
current account deficit, besides the current and the industrial equilibriums, the equilibrium
with current account deficit, and the extended Dutch disease. The three equilibriums are
depicted in a new figure. A new form of neutralizing the Dutch disease using import tariffs
and export subsidies on manufactured goods is discussed.

JEL Classification: F31; E4.


Keywords: Exchange rate current account equilibriums Dutch disease tariffs

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