ABSTRACT
The structuralist development macroeconomics and the corresponding national development strategy, New Developmentalism that a group of mainly Latin American economists is developing may be seen as the second moment of the structuralist development economics. A demand-push approach and models like the one on the Dutch disease, on the critique of the “foreign constraint”, on the tendency of the exchange rate to appreciate cyclically, and on the chronically overvalued character of the exchange rate in developing countries make put for the first time the exchange rate in the core of development economics.
KEYWORDS:
exchange rate; Dutch disease; foreign constraint; foreign savings
Fonte: Elaboração própria.