The aim of this paper is to show theoretically and empirically that undervalued real exchange rate has positive effects over economic growth on developing countries. We analyze the relationship between growth, exchange rate and productive heterogeneity by means of a Keynesian-Structuralist...

The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...

This paper evaluates the strategy of growth cum foreign savings adopted by many emerging countries, and its consequences. Bresser-Pereira and Nakano (2003) points out that there is in emerging countries a high rate of substitution of foreign and domestic savings during the process of influx of...

This paper evaluates the strategy of growth cum foreign savings adopted by many emerging countries, and its consequences. Bresser-Pereira and Nakano (2003) points out that there is in emerging countries a high rate of substitution of foreign and domestic savings during the process of influx of...

The aim of this paper is to evaluate the role of the manufacturing sector in the development process through the first two laws of Kaldor. The first states that the higher the growth of industrial output, more significant is the growth rate of the product of the economy as a whole. The second...

The period between 2003-2005 illustrated a high growth in world trade. In this context, Brazil was able to revert its trade deficit, taking advantage of a considerable surplus. Nevertheless, this trade dynamism did not go hand in hand with national economic growth. This article makes an...

This article analyzes the work polarization in Brazil. We can define polarization as the difference between the observed ratio of workless households and the ratio that would prevailed if the work was randomly assigned to people. For example, imagine a simplified world with only two households...

The paper analyzes the process of Brazilian deindustrialization from the perspective of the transformations occurred in the global economic system in the last three decades. Realizes the performance of the Brazilian industry in the international economy from the technological, productive,...

This paper debates some dilemmas involved in today`s Brazilian industrial policy. First, I will explain the current industrial policy debate in Brazil, stressing the dilemmas involved in supporting the development of technology-intensive sectors in a highly diversified economy led by low and...