ACADEMIC PAPERS

2008. First, economic development defined and distinction from economic growth discussed. Second, since development or growth involve wage increase, the paper shows that in reach countries it increased in proportion to productivity betwee te 1850s and 1970s, but since then a global unlimited supply of labor (that domestically characterizes developing countries) is pressin down wages. (Paper to be published comments welcomed)

2009. With Cleomar Gomes. The paper claimsthat inflation targeting policy was adopted in Brazil before the interest rate trap was faced and solved. This was a mistake because inflation targeting is good to manage monetary policy, not to change the monetary regime as it was in 1999 and still is necessary in Brazil. (Paper in edited book). English version available.

2007. With Cleomar Gomes. The paper claimsthat inflation targeting policy was adopted in Brazil before the interest rate trap was faced and solved. This was a mistake because inflation targeting is good to manage monetary policy, not to change the monetary regime as it was in 1999 and still is necessary in Brazil. (Paper in edited book). Portuguese version available.

2008. Texto para Discussão com Thiago Ribeiro.

2008. With Eli Diniz. Brazilian industrial entrepreneurs associated with the state bureaucracy were dominant from 1930 to late 1980s. Now, they may be returning to power. At least they are better prepared for that. (Paper to be published)

2008. Economic growth is the outcome of a national strategy of development. The characteristics and main tensions involved in these national strategies discussed. Improved English version of a paper previously published in Portuguese.

2008. 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. Portuguese and English versions available. (Paper: Investigación Económica).

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

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. Slightly improved version in relation to "New developmentalism and conventional orthodoxy". (Paper in the book Keynes for the Twentieth Century)

2007. Paper

2007. A review paper of Bresser-Pereira book Desenvolvimento e Crise no Brasil, 5th edition, by Pedro Cezar Dutra Fonseca. (Revista Economia e Sociedade)

2007. This is a reduced version of a "Novo desenvolvimentismo e ortodoxia convencional". It compares three growth strategies: old or national-developmentalism, new developmentalism, and Washington,s conventional orthodoxy. Spanish version available (Paper: Nueva Sociedad Especial em Português)

2007. In globalization, although nation-states are more interdependent, they are also more strategic. A econometric study confirms that. In 2008 the English version of this paper was published in the Brazilian Journal of Political Economy. (Discussion Paper)

2007. Businessmen may support a moderate left political party if this party is also national commited to national economic development. Spanish version available.(Paper Lua Nova)

2007. The Brazilian public bureaucracy as well as the industrial bourgeoisie are out of the dominant political coalition since late 1980s. Yet, as it is engaged in the 1995 Managerial Reform, it is committed with a project.(Paper Revista do Serviço Público). French version available.

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).

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)

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)