The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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Developing Brazil - Overcoming the Failure of the Washington Consensus

Luiz Carlos Bresser-Pereira

Boulder, CO: Lynne Rienner Publishers, 2009.

After the 1994 Real Plan ended fourteen years of high inflation in Brazil, the economy was expected - mistakenly - to grow quickly. The book discusses Brazilian economic trajectory from the mid-1990s to the present Lula administration, critically appraising the neoliberal reforms that have curtailed growth and proposing a national development strategy geared toward effective competition in the global marketplace. An encompassing analysis of the Brazilian macroeconomic system. The failure of the Washington consensus or of conventional orthodoxy in making Brazil to catch up after the 1994 Real Plan stabilized high and inertial inflation.

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Review by K. P. Jameson


  1. Low growth
  2. The old developmentalism
  3. Reforms and institutions
  4. The fiscal debate
  5. Is inflation a real threat?
  6. Overappreciated currency and the Dutch disease
  7. Overappreciation and foreign savings
  8. High interest rates
  9. A macroeconomic model
10. Political coalitions
11. New developmentalism

List of acronyms
About the book


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