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A brief note on Palley’s criticism of new developmentalism

Abstract: This short paper offers some critical remarks on Palley’s critical as-sessment of New Developmentalism. It argues that Palley’s criticism is based on a narrow view of the Brazilian New Developmentalist school and largely ignores the work of other members of t

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More on the limits of new developmentalism
Thomas I. Palley

Abstract: Oreiro and de Paula’s (2022) reply to my article (Palley, 2021) fur-ther convinces me that New Developmentalism (ND) substantially misconstrues the development challenge and ND’s policy recom-mendations lean in a Neoliberal direction. The critique of ND is no

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Impact of Mexico’s social programs on poverty

Abstract: Do the major social programs in Mexico decrease poverty? By how much? Are they sufficient to procure a country with no poverty? We approach these questions employing an extraction exercise on a linear general equilibrium model to estimate the poverty that wou

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Impact of us economic policy on major Latin America’s stock markets, 2002-2020

Abstract: US Economic Policy Uncertainty (usepu) represents a risk in which government policies and regulatory frameworks are not clearly de-fined for the near future. This phenomenon can generate negative effects around the world by delaying the investments of corpora

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Real exchange rate and structural change: theory and empirical evidence

Abstract: This paper analyses the influence of the real exchange rate (rer) on the productive structure. A contribution of this article is to sys-tematize and advance in the identification of the new transmission mechanisms through which the rer affects the productive

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Financial liberalization in developing countries: the Brazilian case after the real plan
Fernando Ferrari Fabio Bittes Terra

Abstract: On the one hand,those who favor financial liberalization argue that it allows more efficient allocation of savings, which is vital to stimulating investment and economic growth. On the other hand, those who criticize financial liberalization see it as transfe

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La política cambiaria de México y China en una economía global

Resumen: El presente artículo analiza el impacto de los desalineamientos del tipo de cambio real de equilibrio (tcre) sobre el comercio internacional y el crecimiento económico de México y China en el periodo 1994-2018. La hipótesis es que la política cambiaria de Chi

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