2007. Commercial globalization is a major opportunity for developing countries, financial globalization, a disaster. (Article: Folha de S.Paulo)
BRAZILIAN ECONOMY
ALL TEXTS ON BRAZILIAN ECONOMY
2007. Conventional orthodoxy's new "discovery": the cause of quasi-stagnation in Brazil is corruption, not the high interest rate nor the low exchange rate. (Article: Folha de S.Paulo).
2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper, just in this site) Portuguese version available.
2007. Paper comparing three growth strategies: old or national-developmentalism, new developmentalism, and Washingtons conventional orthodoxy - actually a form of neutralizing the catching up of medium income countries. English and Spanish versions available. (Paper: Revista São Paulo em Perspectiva)
2006. President Lula wants 5% growth, but there is no signal that he is prepared to face conventional orthodoxy and change macroeconomic policy. (Article: Folha de S.Paulo).
2006. The causes of the desindustrialization and quasi-stagnation of the economy are a non-neutralized Dutch disease and the policy of growth with foreign savings. (Article: Folha de S.Paulo)
2006. A large interview on the Brazilian economy and the lack of a national growth strategy in a global environment defined by high competition among nation-states. (Interview to Laura Greenhalgh: O Estado de S.Paulo).
2006. Either PT or PSDB have an answer on how to face and overcome the Brazilian economy's 26 years old quasi-stagnation because they lost the idea of nation. (Interview to Rodrigo de Almeida: Jornal do Brasil).
2006. Argentina learned from experience, rejects conventional orthodoxy's advises, keeps its exchange rate competitive, and grows. (Article: Folha de S.Paulo)
2006. Bresser-Pereira and Fernando Cardim de Carvalho on new developmentalism. (Interview: Folha de S.Paulo)
2006. In the end of the presidential campaign Alckmin, differently from Lula, was able to articulate sensible ideas on economic policy. It will not be engough. (Article: Folha de S.Paulo)
2006. There is an alternative to the conventional orthodoxy rulling the Brazilian economy. Capital controls are not a sin. (Interview to Catia Seabra: Folha de S.Paulo)
2006. FHC and Lula incurred in exchange rate populism (populismo cambial). (Interview: O Estado de S.Paulo)
2006. The rich and the poor voted for Lula in the first turn the middle class, for Alckmin. (Article: Folha de S.Paulo)
2006. Alckmin's economic program - a step ahead, but insufficient. (Article: Folha de S.Paulo).
2006. Debate on economic growth of Brazil with Eliana Cardoso, Ricardo Carneiro e Samuel Pessoa. (O Estado de São Paulo, Aliás Debate)
2006. A preview of the debate to be published three days later on the Brazilian economic growth. O Estado de S.Paulo.
2006. Writing a book on entrepreneurial agriculture, Antonio José de Oliveira Costa understood the risk that the Dutch Disease represents to farmers. (Preface to Agricultura Empresarial)
2006. (Article: Folha de S.Paulo)
2006. The rate of substitution of foreign for domestic savings was high in Brazil in the period 1994-99, as the inverse rate was also high in the 2000-05 period. The critique of growth with foreign savings applied to Brazil. (Unpublished paper)