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An ecological view of New Developmentalism: a proposal of integration

ABSTRACT Article aims to integrate New Developmentalism with Ecological View by means of the concepts of Ecological Structural Change (ESC) and Eco-Developmental Class-Coalition (EDCC). ESC means to increase the share of green manufacturing sector in GDP and employment for increasing the environment...

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Bibliographic Details
Published in:Brazilian Journal of Political Economy 2022, Vol.42 (1), p.244-255
Main Authors: GUARINI, GIULIO, OREIRO, JOSÉ LUIS
Format: Article
Language:eng ; por
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Summary:ABSTRACT Article aims to integrate New Developmentalism with Ecological View by means of the concepts of Ecological Structural Change (ESC) and Eco-Developmental Class-Coalition (EDCC). ESC means to increase the share of green manufacturing sector in GDP and employment for increasing the environmental efficiency of the economy. Exchange rate overvaluation caused by Dutch disease and growth with foreign savings can harm green manufacturing industries even more than brown manufacturing industries. ESC needs the existence of an EDCC that can be made difficult to occur if exchange rate over-valuation is not removed through taxes over commodities exports, capital controls and a dual mandate for the Central Bank. RESUMO O artigo tem como objetivo integrar o Novo Desenvolvimentismo com a Visão Ecológica por meio dos conceitos de Mudança Estrutural Ecológica (ESC) e Coalizão de Classe Ecológica (EDCC). ESC significa aumentar a participação do setor manufatureiro verde no PIB e no emprego para aumentar a eficiência ambiental da economia. A sobrevalorização da taxa de câmbio causada pela doença holandesa e o crescimento com poupança externa podem prejudicar as indústrias manufatureiras verdes ainda mais do que as indústrias manufatureiras marrons. O ESC precisa da existência de um EDCC que pode ser dificultado se a sobrevalorização da taxa de câmbio não for removida por meio de impostos sobre as exportações de commodities, controles de capital e um mandato duplo para o Banco Central.
ISSN:0101-3157
1809-4538
1809-4538
DOI:10.1590/0101-31572022-3310