Reflections on the old and new developmentalism

Vol. 38 No. 1 (2018)

Jan-Mar / 2018
Published January 1, 2018

How to Cite

Kregel, Jan. 2018. “Reflections on the Old and New Developmentalism”. Brazilian Journal of Political Economy 38 (1):70-75.

Reflections on the old and new developmentalism

Jan Kregel
Levy Economics Institute of Bard College.
Brazilian Journal of Political Economy, Vol. 38 No. 1 (2018), Jan-Mar / 2018, Pages 70-75


New Developmentalism provides a view out how it incorporates the positive contributions of early development theorists concerned with to the past of development theory as well as a view to the future. This assessment points the similar problems of the importance of exchange rates in the development process to provide a contemporary version of the theory adapted to the twentieth century world of globalization and financialization.

JEL Classification: F31; O11; O14.

Keywords: New Developmentalism Exchange Rates Interest Rate Parity Theory