@article{Bresser-Pereira_2012, title={Structuralist macroeconomics and the new developmentalism}, volume={32}, url={https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/358}, abstractNote={<p>This paper first presents some basic ideas and models of a structuralist development macroeconomics that complements and actualizes the ideas of the structuralist development economics that was dominant between the 1940s and the 1960s. A system of three models focusing on the exchange rate (the tendency to the cyclical overvaluation of the exchange rate, a critique of growth with foreign savings, and new a model of the Dutch disease) shows that it is not just volatile but chronically overvalued, and for that reason it is not just a macroeconomic problem; as a long term disequilibrium, it is in the core of development economics. Second, it summarizes “new developmentalism” – a sum of growth policies based on these models and on the experience of fast-growing Asian countries.</p> <p><strong>JEL Classification:</strong> E0; E19; O11; B22.</p>}, number={3}, journal={Brazilian Journal of Political Economy}, author={Bresser-Pereira, Luiz Carlos}, year={2012}, month={Jul.}, pages={347-366} }