2007. In global capitalism nation-states compete. As Brazil lost the idea of nation, it follows economic policies recommended by its competitors, and, so, is falling behind. (Entrevista ao Instituto Teotônio Vilela sobre o livro Macroeconomia da Estagnação)
BRAZILIAN ECONOMY
ALL TEXTS ON BRAZILIAN ECONOMY
2007. Debate with Ilan Goldfajn a good way of comparing new developmentalism and conventional orthodoxy. (Two pages in O Estado de S.Paulo)
2007. Tariffs are often not protectionist but compensate an overvalued currency. (Article: Folha de S.Paulo).
2007. The Dutch disease is appreciating dangerously the real. Tarifs are an incomplete but effective way of neutralizing such major market failure. The Brazilin authorities are correct in rejectind the Doha negotiatins. (Article: Folha de S.Paulo).
2007. Mexico and Brazil are good examples of what represents dependence, international subordination, in the competitive times of globalization. (Article: Folha de S.Paulo, 18.6).
2007. Brazil's economic growth is being threatened by conventional orthodoxy's macroeconomic policies. The overvalued exchange rate that may only be explained by the Dutch disease (given the trade surplus) is behind such over-appreciation that seriously threatens Brazilian manufacturing industry. (FIESP press release, 13.6.2007)
2007. Brazil is not growing well but just profiting from world economy's prosperity to follow behind.(Article: Folha de S.Paulo).
2007. The Bresser Plan was an emergencial attempt to control inertial inflation in a moment of deep crisis, just after the collapse of the Cruzado Plan. Interview: O Estado de S.Paulo).
2007. The competent neutralization of the Dutch disease requires an export contribution on the goods that profit from abudandant and cheap natural resources. Such contributibution must be marginal, keep high profits of producers, while moves upward the supply curve of the product and limits apreciation of the real. The money of the contribution should be used to create a stabilization fund for primary commodities. (Article: Valor).
2007. Interview to Cristina Borges Guimarães on "Macroeconomia da Estagnação": Brazil needs low interest rate, competitve exchange rate, and austere fiscal policy to overcome quasi-stagnation and grow (Gazeta Mercantil,21.5)
2007. Given the Dutch disease, I am not proposing confiscation but a marginal tax on exports that will not hurt but will stabilize commodities' production and profitability. (Two articles by Celso Ming and my letter to him)
2007. Interview to Cristiane Barbieri on Bresser-Pereira's latest book Macroeconomia da Estagnação. New developmentalism is a third discourse between old developmentalism and conventional orthodoxy.(Interview: Folha de S.Paulo).
2007. Interview to Tatiana Bautzer on the book "Macroeconomia da Estagnação": the Dutch disease is one of the causes of real's overapreciation. (Valor, 18.5)
2007. Short interview on the Dutch Disease in Brazil. (O Estado de S.Paulo).
2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washington's conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. Updated and improved version of "Novo desenvolvimentismo e ortodoxia convencional". (Paper in book edited by Bresser-Pereira)
2007. PAC is an welcomed program for the coordination of investments, but without a competent macroeconomic policy it will not make Brasil resume real economic growth.(Entrevista a Françoise Terzian, GVexecutivo)
2007. Folha de S.Paulo, 23.04.2007
2007. If we compare the real and effective exchange rate in Brazil before 1990-92 with the present one, it will be clear that Brazil is victim of the Dutch disease. Before that, we were able to neutralize it we are not anymore, and the consequence is disastrous to the Brazilian economy. (Article: Folha de S.Paulo)
2007. US's huge and persistent current account deficts are increasing total foreign debt and international liquidity. They spur speculation and preannounce crisis. (Article: Folha de S.Paulo).
2007. Given the exchange rate and the interest rate, the Brazilian industry is condemned to quasi-stagnation. PAC is Ok, but will not solve the problem. (Article: Folha de S.Paulo)