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Judit Ricz Centre for Economic and Regional Studies of the Hungarian Academy of Sciences Institute of World Economics

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We investigate the most recent experiment of the state-led development approach in Brazil, and reveal some of its merits and shortcomings in the light of the current difficulties of the country. Using institutional and political economy approach we argue that under the Lula administration (2003–2010) a special economic policy mix has emerged, which although maintained some continuity with both the old Brazilian developmental state and the neoliberal reform period, can be regarded as a new model of developmental state (DS) in Brazil. The way how Brazil has achieved pro-poor and inclusive growth since the Millennium offers useful lessons for other emerging and developing countries. At the same time, economic and social processes of the last 4-5 years have highlighted the fragility of the new Brazilian developmental state model and finally led to its dismantling (while even raising questions whether it can be regarded as a DS at all).

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  • Amann, E.Baer, W. (2012): Brazil as an Emerging Economy: A New Economic Miracle? Brazilian Journal of Political Economy 32(3): 412423.

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  • Amann, E.Baer, W.Trebat, T.Villa Lora, J. (2016): Infrastructure and Its Role in Brazil’s Development Process. The Quarterly Review of Economics and Finance, forthcoming.

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  • Booth, D. (2015): Developmental Regimes in Africa. Synthesis Report. London: Overseas Development Institute.

  • Boschi, R. (2011): State Developmentalism: Continuity and Uncertainty. In: Font, M.Randall, L. (eds): The Brazilian State: Debate and Agenda. Lanham Md: Lexington Books, pp. 3758.

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  • Bresser-Pereira, L. C. (2011): An Account of New Developmentalism and Its Structuralist Macroeconomics. Brazilian Journal of Political Economy 31(3): 493502.

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  • Carvalho, F. J. C.Ferrari-Filho, F. (2007): The Twilight of Lula da Silva’s Government: Another Failed Experiment with Left Wing Administrations? In: Arestis, P.Sawyer, M. (eds.): Political Economy of Latin America. Recent Economic Performance. Basingstoke: Palgrave Macmillan, pp. 2441.

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  • Cornia, G. A., (2014): Falling Inequality in Latin America. Policy Changes and Lessons. Oxford : Oxford University Press.

  • Csaba László (2014): Európai közgazdaságtan [European Economics]. Budapest: Akadémiai Kiadó.

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  • Doctor, M. (2007): Lula’s Development Council. Neo-Corporatism and Policy Reform in Brazil. Latin American Perspectives 34(6): 131148.

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  • Fosu, A. K., (2013): Achieving Development Success: Strategies and Lessons from Developing World. Oxford: Oxford University Press.

  • Garcia-Escribano, M.Goes, C.Karpowicz, I. (2015): Filling the Gap: Infrastructure Investment in Brazil. IMF Working Paper 15/180.

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  • Gerring, J.Kingstone, P.Lange, M.Sinha, A. (2011): Democracy, History, and Economic Performance: A Case-Study Approach. World Development 39(10): 17351748.

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  • Kerstenetzky, C. L. (2014): The Brazilian Social Developmental State: A Progressive Agenda in a (Still) Conservative Political Society. In: Williams, M. (ed): The End of Developmental State? New York: Routledge, pp. 172196.

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  • Lavinas, L. (2016): How Social Developmentalism Reframed Social Policy in Brazil. desiguALdades. net Research Network on Interdependent Inequalities in Latin America Working Paper No. 94.

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  • Nassif, A.Feijó, C.Araújo, E. (2013): Structural Change and Economic Development: Is Brazil Catching up or Falling behind? UNCTAD Discussion Paper No. 211.

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  • Oreiro, J. L.Punzo, L. F.Araujo, E. C. (2012): Macroeconomic Constraints to Growth of the Brazilian Economy: Diagnosis and some Policy Proposals. Cambridge Journal of Economics 36(4): 919939.

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  • Pempel, T. J. (1999): The Developmental Regime in a Changing World Economy. In: Woo-Cumings, M. (ed.): The Developmental State. Ithaca – New York: Cornell University Press, pp. 137181.

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  • Pinheiro, A. C.Bonelli, R.Schneider, B. R. (2007): Pragmatism and Market Reforms in Brazil. In: Fanelli, J. M. (ed.): Understanding Market Reforms in Latin America. Similar Reforms, Diverse Constituencies, Varied Results. Basingstoke: Palgrave Macmillan, pp. 73-93.

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  • Routley, L. (2014): Developmental States in Africa? A Review of Ongoing Debates and Buzzwords. Development Policy Review 32(2): 159177.

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  • Ricz, J. (2014): Developmental State in Brazil: Past, Present and Future. Federalismi.it, 2014(20): 120.

  • Ricz, J. (2015): Fejleszto állam – egy letunt világ nyomában [The developmental state – in search of a bygone era]. IWE HAS Working Paper Series 108.

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  • Ricz, J. (2016): Developmental states in the 21st century: Analytical Structure of a New Approach. IWE HAS Working Papers 223.

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  • Serrano, F.Summa, R. (2015): Aggregate Demand and the Slowdown of Brazilian Economic Growth from 2011-2014. Washington, DC: Center for Economic and Policy Research.

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  • Soares, S. (2012): Bolsa Família, Its Design, Its Impacts and Possibilities for the Future. IPC-IG Working paper 89.

  • Vigvári Gábor (2012): Globalizáció és fejleszto állam. A nemzetközi rezsimek változásának hatása a fejleszto államra [Globalization and the developmental state. The effects of changing international regimes on the developmental state]. PhD Dissertation, Corvinus University Budapest.

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  • WB (2016): Global Economic Prospects – Spillovers amid Weak Growth. Washington, DC: The World Bank

  • WDI (2015): World Development Indicators, http://data.worldbank.org/data-catalog/world-development- indicators, accessed 12 December 2015.

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  • Williams, M., (2014): The End of the Developmental State. New York: Routledge.

  • Woo-Cumings, M., (1999): The Developmental State. New York: Cornell University Press.

  • Wylde, C. (2012): Latin America after Neoliberalism. Developmental Regimes in Post-Crisis States. Basingstoke: Palgrave Macmillan.

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Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
  • György WALTER (Corvinus University Budapest)
  • Zoltán CSEDŐ (Corvinus University Budapest)
  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
Institute: Corvinus University of Budapest
Address: Fővám tér 8. H-1093 Budapest, Hungary
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2023  
Scopus  
CiteScore 1.5
CiteScore rank Q2 (Sociology and Political Science)
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Society and Economy
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Society and Economy
Language English
Size B5
Year of
Foundation
1972
Volumes
per Year
1
Issues
per Year
4
Founder Budapesti Corvinus Egyetem
Founder's
Address
H-1093 Budapest, Hungary Fővám tér 8.
Publisher Akadémiai Kiadó
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Address
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Publisher
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ISSN 1588-9726 (Print)
ISSN 1588-970X (Online)