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Macroeconomics and DevelopmentRoberto Frenkel and the Economics of Latin America$
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Mario Damill, Martín Rapetti, and Guillermo Rozenwurcel

Print publication date: 2016

Print ISBN-13: 9780231175081

Published to Columbia Scholarship Online: September 2016

DOI: 10.7312/columbia/9780231175081.001.0001

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New Developmentalism as a Weberian Ideal Type

New Developmentalism as a Weberian Ideal Type

Chapter:
(p.373) Chapter 18 New Developmentalism as a Weberian Ideal Type
Source:
Macroeconomics and Development
Author(s):

Luiz Carlos Bresser-Pereira

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231175081.003.0018

this chapter discusses the differences between the concept of what it labels as “new developmentalism” and the traditional “old” developmentalism—the theory and policy derived from the work of the pioneers of development economics. It is argued that the most important difference between these two forms of developmentalism is the role of macroeconomic policy; in particular, how it is coordinated to maintain fiscal sustainability, low inflation and, in particular, competitive real exchange rate.

Keywords:   new developmentalism, old developmentalism, development economics, macroeconomic policy, policy coordination, competitive exchange rate

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