000			01705naa a2200229uu 4500
001			7120417230619
003			OSt
005			20210820190408.0
008			071204s2003 bl ||||gr |0|| 0 por d
100	1		_91455 _aBresser-Pereira, Luiz Carlos
245	1	0	_aCrescimento econômico com poupança externa?
260			_aSão Paulo : _bEditora 34, _cabr./jun. 2003
520	3		_aHighly indebted countries, particularly the Latin American ones, presented dismal economic outcomes in the 1990s, which are the consequence of the ‘growth cum foreign savings strategy’, or the Second Washington Consensus. Coupled with liberalization of international financial flows, such strategy, which did not make part of the first consensus, led the countries, in the wave of a new world wide capital flow cycle, to high current account deficits and increase in foreign debt, ignoring the solvency constraint and the debt threshold. In practical terms it involved overvalued currencies (low exchange rates) and high interest rates; in policy terms, the attempt to control de budget deficit while the current account deficit was ignored. The paradoxical consequence was the adoption by highly indebted countries of ‘exchange rate populism’, a less obvious but more dangerous form of economic populism
590			_aRevista de Economia Política
590			_aAbril-Junho 2003
590			_av. 23, n. 2(90)
700	1		_aNAKANO, Yoshiaki _915015
773	0	8	_tRevista de Economia Política = Brazilian Journal of Political Economy _g23, 2, p. 3-27 _dSão Paulo : Editora 34, abr./jun. 2003 _xISSN 01013157 _w
942			_cS
998			_a20071204 _b1723^b _cMariana
998			_a20140204 _b1527^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c25181 _d25181
041			_apor