The contributors to this volume explore the alternative development paradigm that has been gaining credence since the Asian crisis, known as new developmentalism. New developmentalism is embodied in the following principles: exchange rate responsibility or growth with domestic savings, fiscal responsibility, and the assignment of a strategic role for the state. New developmentalism is a set of values, ideas, institutions and economic policies through which, in the early 21st century, developing countries have sought to catch up with developed countries. This book examines the global financial crisis, the financial regulatory problem, with particular emphasis on Brazil, and the alternative policies that derive from new developmentalism.
This volume will be of interest to scholars and policymakers working in the areas of globalization, financial regulation and development studies.
Luiz Carlos Bresser-Pereira is Emeritus Professor at the Getulio Vargas Foundation, Brazil.
Jan Kregel is Senior Scholar at the Levy Economics Institute of Bard College, USA.
Leonardo Burlamaqui is Senior Program Officer at the Ford Foundation and Associate Professor of Economics at the Rio de Janeiro State University, Brazil.