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008 080818s2008 bl ||||gr |0|| 0 eng d
100 1 _aLOPEZ G., Julio
_935275
245 1 0 _aResuming growth in Latin America :
_bshort and long term policies
260 _aSão Paulo :
_bEditora 34,
_cjul./set. 2008
520 3 _aThe authors of this paper assert that the paralysis of the state generated by the crises of the 1970s and 1980s deprived the economies of the region of an important lever to resume and sustain growth. They thus maintain that to overcome stagnation it will be necessary to reconstruct the state’s capacity to implement pro-growth policies. Following Keynes’s and Kalecki’s ideas, but also classical development economists, the authors argue, first, that short-term macroeconomic policies, to reduce unemployment and to increase the degree of capacity utilization, should be used to promote the generation of profits to firms and to wake up entrepreneurs’ animal spirits. Short-term expansionary policies should be coupled with measures to improve competitiveness and avoid balance of payments problems. They also claim that alternatives to the liberal programme will fail unless a pro-growth strategy is adopted which includes both short- and long-term policies. They thus propose that long-term policies must complete the package, signaling: a) sustained increases of effective demand in the future; and b) investment priorities to ensure that capacities will be created in strategic sectors and branches of the economy
590 _av. 28, n. 3(111)
700 1 _aCARVALHO, Fernando J. Cardim de
_926860
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g28, 3, p. 392-413
_dSão Paulo : Editora 34, jul./set. 2008
_xISSN 01013157
_w
942 _cS
998 _a20080818
_b1423^b
_cTiago
998 _a20140228
_b0937^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c27219
_d27219
041 _aeng