ABSTRACT
The aim of this paper is to discuss the relationship between economic growth, technical progress and employment generation, using Neo-schumpeterian concepts about the process of adjustments available to all economies. It discusses the possible trade-offs among the three kinds of the most important adjustments - “Ricardian “, “growth” and “Schumpeterian” - which represent, in fact, trade-offs between short and long-term growth. Based on this conception, it discusses the possible impacts of the exploration of each kind of adjustment on the Brazilian level of employment. In addition, it preliminarily identifies the productive segments to be stimulated in order to simultaneously consider economic efficiency and employment generation. The main conclusion is that to associate employment generation, economic growth and modernization, the Brazilian economy should invest not only in the most dynamic segments of the new technological paradigm, but also in the traditional segments, because they have a higher employment generation capacity.
KEYWORDS:
Economic development; neo-Schumpeterian analysis; structural change; quality of employment