From political economy to economic policy

Vol. 31 No. 4 (2011)

Oct-Dec / 2011
Published October 1, 2011
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Morais, Lecio, and Alfredo Saad-Filho. 2011. “From Political Economy to Economic Policy: The Neo-Developmentalism and the Lula Administration.”. Brazilian Journal of Political Economy 31 (4):507-27.

From political economy to economic policy

The neo-developmentalism and the Lula administration.

Lecio Morais
Câmara dos Deputados, Brasília.
Alfredo Saad-Filho
Departamento de Estudos do Desenvolvimento, SOAS, Universidade de Londres.
Brazilian Journal of Political Economy, Vol. 31 No. 4 (2011), Oct-Dec / 2011, Pages 507-527


 This article critically reviews the design of neo-developmentalist economic policies in Brazil, in the first half of the last decade, and their relationship with the economic policies of the Lula administration after 2006. Paradoxically, the neo-developmentalist policies were implemented jointly with the main (neoliberal) macroeconomic policies which had been introduced earlier. The article reviews the relevant literature, and examines the contradictory nature of this ‘inflection’ of economic policy. So far, this combination of policies has achieved an unquestionable – though provisional – success, despite the persistence of the structural macroeconomic problems due to the continuity of the neoliberal policies.

JEL Classification: B52; N16; O11; O54.

Keywords: Brazilian macroeconomics new developmentalism Lula administration