Growth and change in neoliberal capitalism : : essays on the political economy of late development / / by Alfredo Saad-Filho.

• Superior document: Studies in Critical Social Sciences ; 174
• VerfasserIn: Saad-Filho, Alfredo, 1964-
• Place / Publishing House: Leiden, The Netherlands ;, Boston : : Brill,, [2021]; ©2021
• Year of Publication: 2021
• Language: English
• Series: Studies in Critical Social Sciences ; 174.
• Physical Description: 1 online resource.

Growth and Change in Neoliberal Capitalism brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists today. This book offers a rich analysis of long-term economic development in the current stage of capitalism, the new relations of dependence between countries, the prospects for poor countries, and the progressive alternatives to neoliberalism. The volume also provides a detailed set of studies of the political economy of Brazil, tracking its achievements, tragedies, contradictions and limitations from the economic transition to from import-substituting industrialisation to neoliberalism, and from military dictatorship to democracy, in order to explain the catastrophes currently unfolding in that country.

Table of Contents

ACKNOWLEDGEMENTS -- LIST OF TABLES AND FIGURES -- INTRODUCTION -- Political Economy and Development -- The Political Economy of Brazil -- Part 1: Essays on Economic Development -- ESSAYS -- 1: Moving Beyond the Washington Consensus: Pro-Poor Macroeconomic Policies -- Introduction -- Policy Principles and Constraints -- Pro-Poor Macroeconomic Policy Instruments -- Growth and Investment -- Fiscal Policy and Public Investment -- Employment and Productivity -- The External Sector -- Social Programmes -- Conclusion -- 2: Addressing Growth, Poverty and Inequality: From the Washington Consensus to Inclusive Growth -- Introduction -- Early Poverty Debates -- The Washington Consensus -- The Post-Washington Consensus -- The Pro-Poor Policy Debates -- Policy Shift at the World Bank? -- Inclusive Growth and its Limitations -- Conclusion -- 3: The 'Rise of the South' and the Troubles of Global Convergence -- Long-Term Patterns of Growth -- Development in the Age of Neoliberalism -- Convergence after the Crisis -- Drivers of Convergence -- Global Trade and Production Networks -- Beyond 'Flying Geese' -- Industrial Policy and Manufacturing Growth -- Decoupling at Last? -- Conclusion -- 4: Resource Curses, Diseases and Other Confusions -- Introduction -- Curses and Diseases -- The Hypotheses -- Weaknesses of the 'Resource Curse' Hypothesis -- What Needs Explaining? -- Analytics of the Dutch Disease -- The Disease as Such -- Reviewing the Model -- Economic Policy beyond Diseases and Curses -- Balance of Payments Management -- Exchange Rate Policy -- Fiscal Policy -- Monetary and Financial Policy -- Industrial and Employment Policy -- Conclusion -- 5: The Rise and Fall of Structuralism and Dependency Theory -- Latin American ISI -- Structuralism -- Principles -- Structuralist Economic Policies -- Critiques of Structuralism -- The Neoclassical Critique -- The Left Critique -- Dependency Theory -- Intellectual Sources and Features -- Critiques of Dependency Theory -- Structuralism -- Monopoly Capital -- Conclusion -- 6: The Political Economy of Neoliberalism in Latin America -- ISI and its Limits -- The Neoliberal Transition -- The Impact of Neoliberalism -- Conclusion -- 7: The Seeds of Disaster: Socialism, Agrarian Transition and Civil War in Mozambique -- Introduction -- Independence, Crisis, and the Collectivisation of Agriculture -- The Peasantry and Colonial Agriculture -- Independence and the Collectivisation of Agriculture -- Modernist Marxism and the Mozambican Revolution -- Modernist Marxism: An Overview -- Modernist Marxism and the Transformation of Mozambican Agriculture -- Peasant Resistance -- Collective Agriculture: An Overview -- Land Conflicts -- Income Conflicts -- Labour Conflicts -- Conclusion: Peasant Resistance and the Collapse of Collective Agriculture -- Part 2: Essays on the Political Economy of Development in Brazil -- 8: The Costs of Neomonetarism and the Brazilian Economy in the 1990s -- Introduction -- Neomonetarist Perspectives -- Neomonetarism in Brazil -- Growth and Crisis -- Industrial Restructuring -- Fiscal and Financial Crisis -- Currency Crisis -- Conclusion -- 9: Inflation and Stabilisation in Brazil -- Conflict, Money and Inflation -- Conflict Inflation -- Extra Money Inflation -- Currency Reproduction and Fragmentation -- Inflation and Monetary Crisis in Brazil -- Conflict Inflation in Brazil -- Extra Money Inflation and Currency Fragmentation -- The Real Plan -- Curbing High Inflation -- Shift and Repression of the Distributive Conflict and Limits to the Creation of Extra Money -- Vulnerability of the Real -- Conclusion -- 10: Neoliberalism in Lula's Brazil: Strategic Choice, Economic Inevitability or Schizophrenia? -- Introduction -- The Losers' Alliance -- Lula's Neoliberal Shift -- The Economic Stranglehold of Neoliberalism -- 'Left Neoliberal' Economic Policy -- Policy Schizophrenia -- The 2004 Local Elections -- Conclusion -- 11: Neodevelopmentalism and Economic Policy-Making under Dilma Rousseff -- Introduction -- The Emergence of Neodevelopmentalism -- Implementing Neodevelopmentalist Policies -- The Impact of Neodevelopmentalism -- Conclusion -- 12: Mass Protests in Brazil: The Events of June-July 2013 -- Introduction -- The Events of June-July -- Sobering Lessons -- (2) The social and political isolation of the government: -- Conclusion -- 13: Development Strategies and Social Change in Brazil -- Introduction -- From Import-Substitution to Neoliberalism -- The Bourgeoisie -- The Working Class -- The Informal Proletariat -- The Middle Class -- The Lumpenisation of Politics and the Facebookisation of Protest -- Conclusion -- 14: Social Policy for Neoliberalism: The Bolsa Família Programme -- Introduction -- Poverty, Inequality and Social Policy in Brazil -- Social Policy under Neoliberalism: The Irresistible Rise of Bolsa Família -- Limitations of PBF -- Gains beyond Social Policy -- Moving Forward -- Conclusion -- 15: The Travails of the PT and R ise of the 'New-Right' in Brazil -- Lula I -- Lula II -- Dilma Rousseff I -- Dilma Rousseff II -- The Brazilian 'New Right' and its Limitations -- Conclusion -- 16: State and Power in Brazil -- The Power Bloc -- Political Forces -- The Political Regime -- Contradictions in the State Bureaucracy -- The Brazilian Development Bank, Petrobras, and the Internal Bougeoisie -- The Judiciary, the Internationalised Bourgeoisie, and the Upper Middle Class -- Conclusion -- 17: Brazilian Democracy Confronts Authoritarian Neoliberalism -- Introduction -- Global Shifts -- Cycles of the Left -- Authoritarian Neoliberalism in Practice -- Conclusion -- 18: Varieties of Neoliberalism in Brazil, 2003-2020 -- Introduction -- From Modes of Production to Systems of Accumulation -- The Main SoAs in Brazil -- The Case of Neoliberalism -- The Neodevelopmentalist Alternative -- Neoliberalism in Brazil -- The Economic Transition to Neoliberalism -- Inclusive Neoliberalism -- Developmental Neoliberalism under Lula -- Developmental Neoliberalism under Dilma Rousseff -- Authoritarian Neoliberalism -- Conclusion -- REFERENCES -- INDEX --.