New Developmentalism: beyond competitive exchange rate
ABSTRACT The aim of this article is to show that the achievement of a competitive level for real exchange rate is a necessary, although not sufficient condition for the catching-up of middle-income countries to developed countries. It is also required a change in the long-term expectations of real exchange rate by entrepreneurs which requires the elimination of the underlying causes of the tendency of overvaluation of real exchange rate, that encompass the Dutch Disease and capital account liberalization. Due to the existence of technological gap, industrial equilibrium exchange rate in middle... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2020 |
Reihe/Periodikum: | Brazilian Journal of Political Economy, Vol 40, Iss 2, Pp 238-242 (2020) |
Verlag/Hrsg.: |
Editora 34
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Schlagwörter: | New Developmentalism / industrial equilibrium / Dutch Disease / capital flows / Economics as a science / HB71-74 |
Sprache: | Englisch Portuguese |
Permalink: | https://search.fid-benelux.de/Record/base-26626308 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://doi.org/10.1590/0101-31572020-3138 |