Developmentalist policies in financialized economies: contradictions and impasses of the Brazilian case

Author:

BRUNO MIGUEL1ORCID,PAULANI LEDA MARIA2ORCID

Affiliation:

1. State University of Rio de Janeiro, Brasil

2. University of São Paulo, Brasil

Abstract

ABSTRACT This paper discusses the applicability of economic policies and other developmentalist governmental actions to financialized economies. It mobilizes the theoretical-methodological regulationist principles for a historical and institutional macro-analysis. After a brief review of the concepts of the Regulation School, including the “economic policy regime” (Théret, 1992; Lordon, 2002; Boyer, 2015), the Brazilian case is analyzed as a remarkable example of institutional compatibility with rentier-financial accumulation to the detriment of the accumulation of productive fixed capital. Several indicators of this case are presented.

Publisher

FapUNIFESP (SciELO)

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