{"title":"When McCloskey meets Latour: changing the perspectives on the debates about Rhetoric in Economics","authors":"Mayara S. S. Pires, Ramón G. Fernández","doi":"10.1590/0101-31572024-3429","DOIUrl":"https://doi.org/10.1590/0101-31572024-3429","url":null,"abstract":"ABSTRACT This paper rescues Deirdre McCloskey’s ideas about Rhetoric in Economics and some issues left out in subsequent discussions. There is a parallel between the ideas of McCloskey and Bruno Latour, and the complementarities of their perspectives are very relevant for the development of Economics. Some reflections are here offered to improve the practice of Economics, which are related to the social constructions of facts in the field, to the internalization of political aspects, and to the importance of alternating between fact and fiction in a dynamic that does not result in a zero-sum game, underlining the characteristic of Economics as being inherently rhetorical.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139393007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A brief history of development theory. From Schumpeter and Prebisch to new developmentalism","authors":"Luiz Carlos Bresser-Pereira, José Luis Oreiro","doi":"10.1590/0101-31572024-3604","DOIUrl":"https://doi.org/10.1590/0101-31572024-3604","url":null,"abstract":"ABSTRACT Classical developmentalism was heterodox economics that showed countries require a moderate intervention of the state in the economy to industrialize and catch up. Growth depends on investments and on a satisfying expected rate of profit, which import tariffs legitimized by the infant industry argument assure. Latin American countries adopted this industrial policy from the 1950s and experienced high growth rates. But the infant argument loses validity with time. In the 1980s, under the pressure of the Global North, Latin American countries adopted the neoliberal reforms, and are quasi-stagnant since then. New developmentalism emerged in the 2000s, made the critique of conventional economics, proposed a new growth strategy focused on a competitive exchange rate, and legitimized the use of import tariffs with the Dutch disease argument.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139393150","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange Rate Behavior in the BRICS","authors":"F. V. Vieira, Cleomar Gomes DA Silva","doi":"10.1590/0101-31572024-3451","DOIUrl":"https://doi.org/10.1590/0101-31572024-3451","url":null,"abstract":"ABSTRACT This article aims to investigate the behavior of exchange rate in the BRICS countries, with an emphasis on exchange rate passthrough and exchange rate determination empirical models. By applying the ARDL Bounds Testing Approach Methodology, from January 2005 to December 2019. Our main results show that: i) there is a long run cointegration among the variables analyzed for all estimated models; ii) there is a very slow speed of adjustment towards the long run equilibrium; iii) there is evidence of exchange rate passthrough to inflation mainly in the long run, but not as strong as before; iv) there is no evidence of exchange rate overshooting; v) international reserve accumulation can be considered a partial explanation for the evidence of no exchange rate overshooting.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 42","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139393292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Value extraction, crowding out, and instability of the financial sector on Colombian productive development","authors":"Gonzalo Combita Mora","doi":"10.1590/0101-31572024-3486","DOIUrl":"https://doi.org/10.1590/0101-31572024-3486","url":null,"abstract":"ABSTRACT This research aims to illustrate how, under the scenario of global financialization, Colombia’s productive model changed and now is led by finance which extracted value, creating instability, and provoking a crowding out effect on real sector embodied here by the manufacture share of GDP. The above became evident in the 1990s thanks to free-market reforms implemented. The research uses heterodox theory to empirically verify the hypotheses by creating variables representing the proposed phenomena and exposing them through descriptive analysis and a VARX model.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":"83 S2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139395789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"O legado de Celso Furtado","authors":"Paulo Nogueira BATISTA JR.","doi":"10.1590/0101-31572024-3601","DOIUrl":"https://doi.org/10.1590/0101-31572024-3601","url":null,"abstract":"RESUMO Este ensaio recapitula o legado intelectual de Celso Furtado, destacando sua enorme importância para o pensamento econômico. Adota o recurso de comparar Furtado a outro grande economista brasileiro, Mário Henrique Simonsen, ressaltando a superioridade do primeiro em relação ao segundo em diversos aspectos essenciais. Discute, também, a relação de Furtado com Keynes e a tradição econômica keynesiana, de um lado, e com o Marx e o marxismo, de outro. Ressalta, em conclusão, a sua ligação com o nacionalismo e o romantismo, expresso no seu apego ao Brasil.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139392117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The “National Champions” strategy in Brazil. Insights from JBS, VALE and AB-INBEV’ internationalization process (2003-2018)","authors":"Dario Clemente","doi":"10.1590/0101-31572024-3502","DOIUrl":"https://doi.org/10.1590/0101-31572024-3502","url":null,"abstract":"ABSTRACT A staple of the PT governments’ new economic policy in Brazil has been the pursue of the internationalization of a selected group of domestic firms. From 2003 to 2013, the Brazilian State has promoted the globalization of such firms through various public policies, with the main goal being to position the most of them in the upper echelon of their respective industry globally. At the same time, internationalization had been a primary “defensive” strategy adopted by leading Brazilian firms since the ‘90s, turned in a truly “global strategy” in the last 20 years to deal with deeply transformative trends at world level. Here we look specifically at the internationalization path followed by JBS, VALE and AB-INBEV, highlighting common patterns such as undertaking expansive trajectories characterized by distinctive and cumulative phases of consolidation; penetrating rapidly concentrating world industries; a common tendency to dispersion of shareholding control, foreign takeover and delocalization of central activities in major markets; growing financialization of business; emergency of China as main market of reference. We conclude that the internationalization trajectories of JBS, VALE and AB-INBEV show some shortcomings in the “National Champions” strategy. Nonetheless, we warn against the temptation of regarding the mixed results of this strategy as simply a “failure” of the new industrial policy as a whole.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 29","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139392297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do homem medieval ao liberal: ciclos e crises do liberalismo - tendências autoritárias recentes","authors":"Luiz Pereira da Silva","doi":"10.1590/0101-31572024-3447","DOIUrl":"https://doi.org/10.1590/0101-31572024-3447","url":null,"abstract":"RESUMO O estudo começa coletando evidências relativas a eventuais ciclos de regulação/desregulação entre as décadas iniciais do séculos XX e XXI. Depois, analisa a passagem do Homem Medieval para o Homem Liberal na Europa, onde foca no impacto econômico e político desses eventos desde o Liberalismo Clássico até o Neoliberalismo. Segue-se uma busca de respostas para o atual quadro de desarranjos e tendências autoritárias no mundo derivadas, em essência, do Neoliberalismo dominante e especulações são feitas acerca do futuro desse sistema.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 47","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139392302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The developmental welfare state in South Korea under globalization","authors":"Pedro Barbosa","doi":"10.1590/0101-31572024-3412","DOIUrl":"https://doi.org/10.1590/0101-31572024-3412","url":null,"abstract":"ABSTRACT This paper analyzes the expansion of social policies in South Korea during the context of globalization, by linking two theoretical approaches: social investment and the New Developmental State. Applying the case study method, I endorse the hypothesis of complementarily between the welfare state and the developmental state. The article shows that between the 1990s and the 2010s, South Korea expanded all sectors of social policies analyzed. Beyond the expansion of passive policies, active policies (including education) were reshaped in an integrated manner with the industrial policy to promote innovation, pursuing the transition to the knowledge-based society; also the family policy became one of the most generous among OECD countries.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":" 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139392577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tatiana Massaroli DE Melo, Eneas Gonçalves DE Carvalho
{"title":"An analysis of the competitiveness of developing countries based on the foreign added value of exports: the use of revealed comparative advantage index for the period 1995 to 2018","authors":"Tatiana Massaroli DE Melo, Eneas Gonçalves DE Carvalho","doi":"10.1590/0101-31572024-3514","DOIUrl":"https://doi.org/10.1590/0101-31572024-3514","url":null,"abstract":"ABSTRACT The objective of this article is to contribute to the improvement of a more comprehensive approach to international competitiveness, from the attempt to construct a revealed comparative advantages index that considers not only the participation of economies in the world market from the perspective of exports, but also the importance of value-added of exports and, in a broader sense, decentralization of world production, for the construction and maintenance of oligopolistic positions of industries and countries. For this, we used data from the TiVA database, in the period between 1995 and 2018, focusing on two groups of developing countries: BRICS and ASEAN.","PeriodicalId":512021,"journal":{"name":"Brazilian Journal of Political Economy","volume":"16 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139394123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}