جلسه حلقه مطالعات توسعه

Required reading: Bresser-Pereira, L. C. (2024). Introduction to new developmentalism. In L. C. Bresser-Pereira (Ed.), New developmentalism—Introducing a new economics and political economy (pp. vii–xii). Oxford University Press.

Summary: This chapter introduces New Developmentalism (ND), an economic theory developed in Brazil over the past 20 years. ND critiques neoliberal economics, drawing upon classical structuralism, post-Keynesian economics, and Marxist political economy to explain the stagnation of many middle-income countries. A core tenet of ND is the crucial role of exchange rates in influencing investment and economic growth, contrasting with the orthodox view. The theory also offers new approaches to macroeconomic policy and the "Dutch disease," advocating for industrialization and strategic state intervention. Finally, the chapter highlights ND's growing influence and its application to both developing and developed economies.

Optional readings: Bresser-Pereira, L. C. (2015) .Reflecting on new developmentalism and classical developmentalism. Brazilian Journal of Political Economy, 35(3), 329-347.