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Macroeconomia estruturalista do desenvolvimento

2010; Editora 34; Volume: 30; Issue: 4 Linguagem: Inglês

10.1590/s0101-31572010000400007

1809-4538

Luiz Carlos Bresser‐Pereira, Paulo Gala,

Fiscal Policy and Economic Growth

Structuralist development macroeconomics.This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and a new model of the Dutch disease) that complement and actualize the thought of the Latin-American structuralist school that developed around ECLAC from the late 1940s to the 1960s.on the other hand, it suggests that a new national development strategy based on the experience of fast growing Asian countries is emerging; and argues that only the countries that adopt such strategy based on growth with domestic savings, fiscal and foreign trade responsibility and a competitive exchange rate will be able to catch up.