Abstract

OREIRO, José Luis  and  PAULA, Luiz Fernando de. A brief note on Palley’s criticism of new developmentalism. Inv. Econ [online]. 2022, vol.81, n.320, pp.3-17.  Epub Feb 23, 2023. ISSN 0185-1667.  https://doi.org/10.22201/fe.01851667p.2022.320.82246.

This short paper offers some critical remarks on Palley’s critical assessment 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 this school and even other writings by Bresser-Pereira. This “original sin” in Palley’s assessment leads him to associate New-Developmentalism unfairly with Neo-Liberalism, as well as setting up a false opposition between Classical Developmentalism and New Developmentalism, rather than seeing both as strands of developmental theory designed for different historical phases of Latin American development.

Keywords : New Developmentalism; Classical Developmentalism; economic development.