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Brazilian Journal of Political Economy

Print version ISSN 0101-3157

Abstract

BRESSER-PEREIRA, Luiz Carlos  and  GALA, Paulo. Macroeconomia estruturalista do desenvolvimento. Rev. Econ. Polit. [online]. 2010, vol.30, n.4, pp.663-686. ISSN 0101-3157.  http://dx.doi.org/10.1590/S0101-31572010000400007.

Structuralist development macroeconomics. This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and a new model of the Dutch disease) that complement and actualize the thought of the Latin-American structuralist school that developed around ECLAC from the late 1940s to the 1960s. On the other hand, it suggests that a new national development strategy based on the experience of fast growing Asian countries is emerging; and argues that only the countries that adopt such strategy based on growth with domestic savings, fiscal and foreign trade responsibility and a competitive exchange rate will be able to catch up.

Keywords : Latin America; structuralism; development macroeconomics; national strategy; developmentalism.

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