Which developmentalism? A Keynesian-institutionalist proposal
Please cite the paper as:
&lquo;Fernando Ferrari Filho and Pedro Cezar Dutra Fonseca, (2014), Which developmentalism? A Keynesian-institutionalist proposal, World Economics Association (WEA) Conferences, No. 1 2014, Is a more inclusive and sustainable development possible in Brazil?, 5th May to 12th August 2014&rquo;
Academic discussion of Brazil’s economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents wage-led Keynesian-Institutionalism, a new approach able to ensure macroeconomic stability in the Brazilian economy.