Development and Stagnation

The Debate Between Developmentalists and Neoclassical Liberals
Erscheinungsjahr 2025
ISBN: 978-90-04-73428-9
Verlag: Brill

Buch, Englisch, Band 327, 283 Seiten, Format (B × H): 155 mm x 235 mm

Reihe: Studies in Critical Social Sciences

This book presents the theoretical debate on economic development and stagnation in a clear and organized manner. It examines the complexity of economic theory, shaped by the interactions of diverse agents—firms, households, governments, and banks—across various markets. Despite its abstract nature, economic theories can be made accessible through careful explanation. Here, André Nassif covers the main theoretical foundations of economic development, incorporating key contributions from Latin America, offering a comprehensive overview that critically engages with these theories while maintaining academic rigor.

Autoren/Hrsg.

Nassif, André

Weitere Mitwirkende

Wight, Christine Jennifer

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen Entwicklungspolitik, Nord-Süd Beziehungen
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Sozialwissenschaften Soziologie | Soziale Arbeit Soziologie Allgemein
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Politische Ideologien Konservativismus

Inhaltsverzeichnis

Foreword Luiz Carlos Bresser-Pereira

Preface

Figures and Tables

Introduction Economic Development and Stagnation: the Different Theoretical Views An Illustrative Case: Brazil from Economic Development to Stagnation What to Expect from This Book Organisation of the Book

Part 1: The Developmental School

Prologue to Part 1

1 The Conceptual Roots of Developmentalism 1 Introduction 2 Smith and Increasing Returns 3 Marx and Capital Accumulation 4 Schumpeter and Technological Progress as a Process of “Creative Destruction” 5 Conclusion

2 Classical Developmentalism and Its Recent Unfoldings 1 Introduction 2 Economic Development as Structural Change: the Lewis Model with Unlimited Labour Supply 3 The Big Push Model and Development as a Balanced Process 4 Production Linkages and Development as an Unbalanced Process 5 Industrialisation, Deindustrialisation and Stagnation 6 Conclusion

3 The Centre-Periphery Model and eclac’s Political Economy: Yesterday and Today 1 Introduction 2 The Centre-Periphery Model as a Theoretical Basis for Latin American Developmental Structuralism 3 eclac’s Political Economy and the Developmental State 4 eclac’s Neostructuralism and the Centre-Periphery Model Today 5 Conclusion

4 Underdevelopment, Development, and Stagnation: Celso Furtado’s Theoretical Relevance 1 Introduction 2 Underdevelopment, Development and Stagnation under Furtado’s View 3 The Dutch Disease and the Resource Curse: Furtado’s Seminal Analysis 4 Conclusion

5 Prologue to New Developmentalism: Notes on the Inflation Targeting Regime and Fiscal Austerity 1 Introduction 2 Inflation Targeting Regime 3 Fiscal Austerity 4 Conclusion

6 New Developmentalism: Integrating Macroeconomics with Development Theory 1 Introduction 2 The Central Theses of New Developmentalism 3 Critical Points of the New Developmental Theory 4 Conclusion

7 Conclusion and Policy Implications of Part 1: in Defence of the Return of National Development Plans

Part 2: The Neoclassical Liberal School

Prologue to Part 2

8 International Trade Theories and the Case for Free Trade 1 Introduction 2 New International Trade Theories and the Reaffirmation of Free Trade 3 Conclusion

9 The Neoclassical Macroeconomics of Growth 1 Introduction 2 Growth Models in Closed Economies 3 Neoclassical Growth Models in Open Economies 4 Neoclassical Growth Models: the Developmental Critique 5 Conclusion

10 The Washington Consensus and the Ideology of Neoliberalism 1 Introduction 2 The Bretton Woods Era and Regulated Liberalism 3 The Washington Consensus and the Spread of Neoliberalism 4 Conclusion

11 Conclusion and Policy Implications of Part 2: Market Failures as a Criterion for Adopting Public Policies A Critical Evaluation of the Neoclassical Liberal Argument 1 Market Failures as a Criterion for Adopting Public Policies: the Neoclassical Liberal Argument 2 Market Failures: a Critique of the Neoclassical Liberal Argument

Conclusion

Bibliography

Index

Über Autor(innen)

André Nassif, Ph.D. (UFRJ, 2003), is an Associate Professor at Fluminense Federal University, Brazil, specializing in Macroeconomics, Economic Development, and International Economics. A former BNDES economist, he has taught globally and published widely in academic journals and edited volumes.