The recent debt crisis in Greece, Ireland and Portugal has exposed the fragility existing in the Euro zone for promoting development and economic convergence between the countries that have adopted the currency. Way beyond the fear of insolvency, what is observed is a growing disparity of the...

This article analyses different approaches to ‘developmentalism,’ emphasizing their theoretical origins and identifying their different economic policy implications. Based on the theoretical and empirical characteristics of different growth regimes in Brazil (that is, export-led,...

This book discusses the future of MERCOSUR, focusing on monetary union and macroeconomic policy co-ordination, and addresses a number of important questions including: is it possible, or even desirable, to achieve monetary integration?; what would the pre-conditions be for establishing such a...

O artigo discute, a partir das teses cepalinas dos anos 1950 e 1960 sobre as relações entre países centrais e periféricos, a evolução recente das políticas econômicas no Brasil. Destaca alguns acertos que foram considerados, quando de sua concepção, erros, enquanto mostram os...

Setting off from an Evolutionary perspective, this paper debates key aspects of the process of financing innovation based on Keynes's asset choice model within the context of Minsky's cycle and the Institutionalist approach of Veblen. Innovative activity is surrounded by great uncertainty...