New developmentalism, economic growth and macroeconomic policy regimes
CYCLES OF THE STATE
New developmentalism, economic growth and macroeconomic policy regimes
José Luis da Costa Oreiro
Estudos Avançados 26 (75), 2012: 29-
A new-developmental strategy requires an active exchange rate policy, which keeps the real exchange rate in a competitive level in the long-term, combined with responsible fiscal policy.