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)

Mais informações

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)

Mais informações

Novo Desenvolvimentismo (teoria econômica)


Documentos 61 a 85 de 85



The political economy of trade, finance, and the exchange rate

2007. Trade cannot be de-linked from finance because the exchange rate represents a major intersection between the two field. Yet, the exchange rate is forgotten in international trade and in economic growth courses, and in trade negotiations at WTO. Countries that have reserve currencies abhor taking on the exchange rate (Intervention at UNCTAD seminar)



Macroeconomia da Estagnação: crítica da ortodoxia convencional no Brasil pós-1994

2007. An encompassing analysis of the Brazilian macroeconomic system; a first presentation of the developmental macroeconomics. Why Brazil failed to grow fast after the Real Plan. English version available. (Book: Editora 34) Developing Brazil is an atualized version of this book



Para Bresser, Brasil está em ciclo vicioso (Folha, 20.05.07)

2007. Interview to Cristiane Barbieri on Bresser-Pereira's latest book Macroeconomia da Estagnação. New developmentalism is a third discourse between old developmentalism and conventional orthodoxy.(Interview: Folha de S.Paulo).



Foreign savings, insufficiency of demand, and low growth

2008. With Paulo Gala. An overvalued currency is a central cause of insufficiency of demand. The growth with foreign savings policy appreciates local currencies, increases domestic consumption, and causes domestic saving to be replaced by foreign savings. (Paper Journal of Post Keynesian Economics).



Por que a poupança externa não promove crescimento

2007. With Paulo Gala. A formalization of the critique of the strategy of growth with foreign savings: the consequent exchange rate appreciation increases artificially wages and causes the substitution of domestic with foreign savings. English version available.(Paper: Revista de Economia Política)



Macroeconomia da estagnação e novo desenvolvimentismo

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington's conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Updated and improved version of "Novo desenvolvimentismo e ortodoxia convencional". (Paper in book edited by Bresser-Pereira)



El nuevo desarrollismo y la ortodoxia convencional

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Portuguese and English versions available. (Paper: Economía Unam)



O novo desenvolvimentismo e a ortodoxia convencional

2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English and Spanish versions available. (Paper: Revista São Paulo em Perspectiva)



The new developmentalism and conventional orthodoxy

2006. Paper comparing three growth strategies old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. An improved version available with the title "Macroeconomics of stagnation and new developmentalism".(Paper Economie Appliquée).



Exchange rate: fix, float, or manage it?

2006. The exchange rate determines not only exports and imports, but also real wages, consumption and the savings rate. (Preface to book edited by Mathias Vernengo)



Macroeconomia Pós-Plano Real: As Relações Básicas

2005. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (In edited book, Novo Desenvolvimentismo)*



O Novo Desenvolvimentismo (Folha, 19.09.04)

2004. New developmentalism compared with the old one and with conventional orthodoxy. (Article: Folha de S.Paulo)



The Second Washington Consensus and Latin Americas Quasi-Stagnation

2004. With Carmen Varela. Latin Americas quasi-stagnation in the 1990s can be explained principally by the growth cum foreign savings strategy. (Paper: Journal of Post Keynesian Economics)



Macroeconomia do Brasil pós-1994

2003. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (Paper: Análise Econômica)*



Economic growth with foreign savings?

2002. With Yoshiaki Nakano. Developing countries' poor performance in the 1990s is related to the Washington strategy of growth with foreign savings. Portuguese version available.(Paper presented to International Post Keynesian Workshop).



Crescimento econômico com poupança externa?

2003. With Yoshiaki Nakano. Developing countries poor performance in the 1990s is related to the Washington strategy of growth with foreign savings and open capital accounts. English version available.(Paper Revista de Economia Política)*



New developmentalism and conventional orthodoxy

2003. A comparison between two economic approaches: structuralist new developmentalism and conventional orthodoxy. (Participation in the XXIV LASA Congress)



Financiamento para o subdesenvolvimento: o Brasil e o segundo Consenso de Washington

2002. The growth cum foreign savings strategy and the consequent exchange rate overevaluation is the basic cause behind Cardoso administration's poor economic performance. Portuguese version available: O Segundo Consenso de Washington e a Quase-Estagnação da Economia Brasileira. (Paper: BNDES 50 Years)*



Uma estratégia de desenvolvimento com estabilidade

2001. With Yoshiaki Nakano. A critique of economic policy - particularly of the high interest rates - adopted from 1995. Originally it was written as a document to PSDB. It is one of the founding papers of New Developmentalism. Spanish version available. (Paper/document: Revista de Economia Política, July 2002).*



Decisões estratégicas e overlapping consensus na América Latina

2001. There are some consensus and some strategic decisions to be taken in Latin America, after the crisis of structuralism, and of orthodox reforms. English version available.(Paper: Revista de Economia Política) *



After structuralism, a development alternative for Latin America

2001. There are some consensus and some strategic decisions to be taken in Latin America, after the crisis of structuralism, and of orthodox reforms. Portuguese version available. (Paper presented in conference at Oxford University; not published; available only in this site)



A fragilidade que nasce da dependência da poupança externa

2001 Critique of the growth with foreign savings policy. This short article is New Developmentalism's founding article, together with a paper that I wrote with Nakano no ano seguinte, "Economic growth with foreign savings?" (Valor 1000, 2001).



Entre o globalismo e o velho nacionalismo

2000. Nationalism is the way through which people define their national identity. Brazil should be nationalist as developed countries are. In these countries, government is supposed to protect national labor and national capital the same should be true for Brazil. (Paper in book edited by Henrique Rattner).



The crisis of the state approach to Latin America

1993. After the dependency interpretation of Latin America, now two competing interpretations are present: the neoliberal Washington Consensus and what I propose: the fiscal crisis of the state approach. Portuguese and French versions available. This paper is a preliminary version of my chapter in Economic Reforms in New Democracies (1993). The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Instituto Norte-Sul Discussion Paper)



Uma interpretação da América Latina: a crise do Estado

1993. Since 1980 Latin American faced a debt crisis and a crisis of the state, which was also a crisis of the developmentalist interpretation. Now, two competing interpretations are present: the neoliberal Washington Consensus and the fiscal crisis of the state approach. English and French versions available. This is a preliminary version of my chapter in Economic Reforms in New Democracies, 1993. The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Novos Estudos CEBRAP )*




Fale conosco: ceciliaheise46@gmail.com