5th Workshop on New Developmentalism

The outbreak of covid-19, the Russo-Ukrainian war, and the slowdown of important global economies such as the USA and China have brought new economic difficulties to all countries in the world, but especially to developing countries. Do these new difficulties intensify or bring new possibilities for catch-up strategies for developing countries? Conventional economic theory has presented unsatisfactory results, and there is a growing demand for the inclusion and discussion of alternative theories.

Nevertheless, as put forward by Gerschenkron (1962, p.6) “No past experience, however rich, and no historical research, however thorough, can save the leaving generation the creative task of finding their on answers and shaping their own future”, and thus, to have new theories developed within developing countries becomes essential.

The New Developmentalism (ND) is a theoretical framework that has been developed by prominent economists in Brazil, such as professor Bresser-Pereira since the early 2000s. It has been developed to comprehend middle-income countries, in particular, LA and mainly Brazil. The theory, based largely on classical development economics and post-Keynesian economics, has brought important contributions to the field of political economy and development macroeconomics. It focuses on the fiscal and current accounts and on five macroeconomic prices which the market is unable to keep ‘right’.

The 5th Workshop on New Developmentalism will be an event composed of lectures, conferences by a keynote speaker (such as two Lectures by Professor Robert Wade), and panels of paper presentations on themes related to economic development in emerging countries – in particular, through the theoretical approach of New Developmentalism. In this way, it seeks to stimulate debate and understanding of possible unconventional strategies for catching up in developing countries. More specifically, it seeks to stimulate debate, production, and the strengthening of a network of researchers on macroeconomic and development theory from an unconventional approach.

This year, the Latin American Working Group of YSI-INET, jointly with CND-FGV, is pleased to invite you to submit your manuscript for the sessions for the articles presentation of the workshop. We encourage submission that broadly fall within the topics of the conference (see below), such as:
• Political economy of new developmentalism (developmental capitalism x liberal capitalism, the developmental state)
• How to manage the five macroeconomic prices (exchange rate, wage rate, profit rate, interest rate, and inflation)?
• Why are the exchange rate and the current account key in the investment function?
• Why do companies tend not to invest when the exchange rate is chronically overvalued?
• Extensions of new developmentalism (green growth strategies, economic policies to reduce inequalities).
• Empirical research that might test the new-developmentalist hypotheses and models.

The deadline for Abstracts submission (maximum size of 500 words excluding references) is June 12, 2022. Please apply and find out specific information about the workshop through their official website: https://eaesp.fgv.br/centros/centro-estudos-novo-desenvolvimentismo/eventos/5th-workshop-new-developmentalism-economics-and-political-economy-new-developmentalism
The Workshop intends to provide a great opportunity for its participants to discuss these issues, receive feedback from mentors, and participate in lectures with worldwide specialists on the topic.

Travel and accommodation costs: Select participants (young scholars) may be eligible for partial funding stipends from YSI-INET. Please inform in the e-mail of submission if a) you are also applying for the partial funding stipends and b) in which country are you currently based.