An ecological view of New Developmentalism: a proposal of integration

Vol. 42 No. 1 (2022)

Jan-Mar / 2022
Published January 20, 2022

How to Cite

Guarini, Giulio, and José Luis Oreiro. 2022. “An Ecological View of New Developmentalism: A Proposal of Integration”. Brazilian Journal of Political Economy 42 (1):244-55.

An ecological view of New Developmentalism: a proposal of integration

Giulio Guarini
Tuscia University, Viterbo, Italy
José Luis Oreiro
Universidade de Brasília, Brasilia/DF, Brasil.
Brazilian Journal of Political Economy, Vol. 42 No. 1 (2022), Jan-Mar / 2022, Pages 244-255


Article aims to integrate New Developmentalism with Ecological View by
means of the concepts of Ecological Structural Change (ESC) and Eco-Developmental
Class-Coalition (EDCC). ESC means to increase the share of green manufacturing sector in
GDP and employment for increasing the environmental efficiency of the economy. Exchange
rate overvaluation caused by Dutch disease and growth with foreign savings can harm
green manufacturing industries even more than brown manufacturing industries. ESC
needs the existence of an EDCC that can be made difficult to occur if exchange rate overvaluation
is not removed through taxes over commodities exports, capital controls and a
dual mandate for the Central Bank.

JEL Classification: Q56; Q57; O11: O14.

Keywords: New Developmentalism ecological structural change eco-developmental class-coalition