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Do liberal policy regimes condemn Latin America to quasi-stagnation?
(2021-02)
Police regimes are incompatible with economic growth because liberal economists don’t see industrialization as a condition for economic development; because they pressed for trade liberalization, ignoring that the import ...
South Korea’s and China’s catching-up: a new developmentalist analysis
(2019-10)
The purpose of this paper is to analyze the catching-up processes of South Korea and post-1978 reforms China, based on a new developmentalist approach that considers four fundamental factors: 1) a complementarity relationship ...
Rentier-financier capitalism
(2018-05)
Since the beginning of the twentieth century there are three basic social classes: the capitalist class or bourgeoisie, the working class and the professional class or technobureaucracy. In the first part of the century, ...
Neutralizing the Dutch disease
(2018-05)
This paper discusses the political economy involved in the required neutralization of the Dutch disease – a long-term overvaluation of a national currency originated in exports of commodities that generate Ricardian rents ...
The economics and the political economy of new-developmentalism
(2017-10)
This paper resumes new developmentalism – a theoretical framework being defined since the early 2000s to understand middle-income countries. It contains a political economy, the beginning of a microeconomics and a ...
Secular stagnation in the framework of rentier-financier capitalism and globalization
(2017-10)
Rentier-financier capitalism, neoliberalism and globalization have been in a crisis since 2008. It is characterized by low growth rates, quasi-stagnant wages and increase of inequality since rentiers replaced business ...
How to neutralize the Dutch disease notwithstanding the natural resources curse
(2017)
This paper discusses two closely related concepts – the Dutch disease and the natural resource curse – and a third one, exchange rate populism, associated to the curse. The Dutch disease is a long-term overvaluation of the ...
Desenvolvimento econômico, sofisticação produtiva e valor-trabalho
(2017)
In this paper, I discuss the historical (not the normative) concept of economic development, distinguish it from human development, reassert its identification with industrialization or structural change or productive ...
A revolução capitalista
(2016-06-22)
The Capitalist Revolution was the period of the transition from the ancient societies to capitalism; it was a long transition that began in North Italy, in the 14th century, and for the first time got completed in England, ...
Euro, jogo de soma menor que zero
(Folha de São Paulo, 2016-06-04)
