Capitalist Development Pattern and Macroeconomic Policy Regimes in Brazil since 1994

2021 ◽  
pp. 31-50
2019 ◽  
Vol 47 (1) ◽  
pp. 28-44
Author(s):  
Luiz Filgueiras

From the point of view of their capitalist development pattern, the governments of Fernando Collor de Mello, Fernando Henrique Cardoso, and Michel Temer, on the one hand, and Lula da Silva and Dilma Rousseff, on the other, were similar: the former were actively promoting that pattern and the latter accepting it as irreversible, the limit of the possible, and adapting to it. They differed, however, in the macroeconomic policy regimes they adopted. The development pattern of the Workers’ Party governments may be described as the peripheral-liberal pattern, the form assumed by neoliberalism in Brazil. Do ponto de vista de seu padrão de desenvolvimento capitalista, os governos de Fernando Collor de Mello, Fernando Henrique Cardoso e Michel Temer, por um lado, e Lula da Silva e Dilma Rousseff, por outro, se assemelhavam em. Os primeiros promovendo-o ativamente e os segundos aceitando esse padrão como irreversível. Eles diferiram, no entanto, nos regimes de política macroeconômica que adotaram. O padrão de desenvolvimento dos governos do Partido dos Trabalhadores é aqui descrito como o padrão liberal periférico, a forma assumida pelo neoliberalismo no Brasil.


Author(s):  
Eckhard Hein ◽  
Judith Martschin

AbstractWe contribute to the recent debates on demand and growth regimes in modern finance-dominated capitalism linking them to the post-Keynesian research on macroeconomic policy regimes. We examine the demand and growth regimes, as well as the macroeconomic policy regimes for the big four Eurozone countries, France, Germany, Italy and Spain, for the periods 2001–2009 and 2010–2019. First, our approach supports the usefulness of the identification of demand and growth regimes according to growth contributions of the main demand components and financial balances of the macroeconomic sectors. This allows for an understanding of the demand sources of growth, or stagnation, if there is a lack of demand, of how these sources are financed and of potential financial instabilities and fragilities. Second, when it comes to the macroeconomic policy drivers of demand and growth regimes, as well as their respective changes, we show that the exclusive focus on fiscal policies, as in the previous literature, is too limited and that it is the macroeconomic policy regime which matters here, i.e. the combination of monetary, fiscal and wage policies, as well as the open economy conditions.


Caderno CRH ◽  
2019 ◽  
Vol 31 (84) ◽  
pp. 519
Author(s):  
Luiz Antonio Mattos Filgueiras

<p>A Teoria Marxista da Dependência (TMD), com o objetivo de entender as formas de reprodução do capital, nas distintas formações econômico-sociais, em diferentes períodos históricos do desenvolvimento capitalista, construiu o conceito de Padrão de Reprodução do Capital (PRC), apoiada na conhecida forma geral do ciclo do capital industrial, que é, também, a forma do ciclo do capital-dinheiro – conforme formulado por Marx. Este texto discute o alcance e o limite desse conceito para a compreensão da formação econômico-social brasileira contemporânea. Aponta que, embora ele contribua para o entendimento de formações econômico-sociais concretas, seu nível de abstração não permite perceber diferenças importantes existentes entre elas – em especial as latino-americanas. Como consequência, propõe, de forma complementar e em um nível menor de abstração, o conceito de Padrão de Desenvolvimento Capitalista (PDC), devidamente redefinido, e que se refere apenas a uma formação econômico-social singular (única pela sua história).</p><p>CAPITAL AND CAPITALISM REPRODUCTION STANDARD DEPENDENT IN CURRENT BRAZIL</p><div><p>The Marxist Theory of Dependency (MTD), with the aim of understanding the ways in which capital is reproduced in different economic and social formations in different historical periods of capitalist development, constructed the concept of Capital Reproduction Pattern (CRP), supported in the known general form of the cycle of industrial capital, which is also the form of the money-capital cycle - as formulated by Marx. This text discusses the scope and limit of this concept for the understanding of contemporary Brazilian socio-economic formation. It is pointed out that, although it contributes to the understanding of concrete socio-economic formations, its level of abstraction does not allow to perceive important differences existing between them - especially the Latin American ones. As a consequence, it is proposed, in a complementary way and in a lower level of abstraction, the concept of a Capitalist Development Pattern (CDP), duly redefined, and which refers only to a unique socio-economic formation (unique in its history).</p><p><strong>Key words: </strong>Marxist Theory of Dependence; Dependent Capitalism; Capital Reproduction Pattern; Capitalist Development Pattern; Brazilian Economy</p></div><div><p class="trans-title">CAPITAL ET NORME DE REPRODUCTION DU CAPITALISME DEPENDANT DU BRESIL ACTUEL</p><p>La Théorie Marxiste de la Dépendance (TMD), dans le but de comprendre la façon dont le capital est reproduit dans différentes formations économiques et sociales dans différentes périodes historiques du développement capitaliste, a construit le concept de Modèle de Reproduction du Capital (MRC), soutenu dans la forme générale connue du cycle du capital industriel, qui est aussi la forme du cycle du capital-argent - tel que formulé par Marx. Ce texte discute la portée et la limite de ce concept pour la compréhension de la formation socio-économique brésilienne contemporaine. Il est souligné que, bien qu’il contribue à la compréhension de formations socio-économiques concrètes, son niveau d’abstraction ne permet pas de percevoir les différences importantes existant entre eux - en particulier les latino-américains. En conséquence il est proposé, d’une manière complémentaire et dans un niveau d’abstraction inférieur, le concept de Modèle de Développement Capitaliste (MDC), dûment redéfini, qui se réfère uniquement à une formation économique et sociale singulière (unique pour son histoire).</p><p><strong>Key words: </strong>Théorie Marxiste de la Dépendance; Capitalisme Dépendant; Modèle de Reproduction de Capital; Modèle de Développement Capitaliste; Économie brésilienne</p></div>


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