Reflecting on new developmentalism and classical developmentalism

Vol. 36 No. 2 (2016)

Apr-Jun / 2016
Published March 1, 2020
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos. 2016. “Reflecting on New Developmentalism and Classical Developmentalism”. Brazilian Journal of Political Economy 36 (2):237-65. https://doi.org/10.1590/0101-31572015v36n02a01.

Reflecting on new developmentalism and classical developmentalism

Luiz Carlos Bresser-Pereira
Professor emérito da Fundação Getulio Vargas,
Brazilian Journal of Political Economy, Vol. 36 No. 2 (2016), Apr-Jun / 2016, Pages 237-265

Abstract

Reflecting on new developmentalism and classical developmentalism. This paper, first, distinguishes new developmentalism, a new theoretical system that is being created, from really existing developmentalism – a form of organizing capitalism. Second, it distinguishes new developmentalism from its antecedents, Development Economics or classical developmentalism and Keynesian Macroeconomics. Third, it discusses the false opposition that some economists have adopted between new developmentalism and social-developmentalism, which the author understands as a form of really existing developmentalism; as theory, it is just a version of classical developmentalism with a bias toward immediate consumption. Finally, it makes a summary of new developmentalism – of its main political economy, economic theory and economic policy claims.

JEL Classification: B20; O59; E10.


Keywords: Developmentalism social-developmentalism and developmental macroeconomics