The Center for Studies on New Developmentalism of the Sao Paulo School of Business Administration at Getulio Vargas Foundation is pleased to invite interested candidates to participate in the 8th Workshop on New Developmentalism: Fiscal Deficits, Current account deficits, and Investments in developing countries, which will be held in São Paulo, Brazil, on December 12 and 13, 2025. The program will include: a) a mini-course on new developmentalism in which the latest developments of the ND theory will be presented; b) two keynote speeches by renowned international specialist in macroeconomic development; c) a masterclass about current development challenges of Global South d) two discussion panels with specialists from Brazil and Latin America, and e) sessions for paper presentation.
Preliminary program
December,
12
Lectures – Noble Hall (4th floor. at Rua Itapeva, 432)
09:00 – 09:15
Welcome Session
Nelson Marconi - EAESP-FGV
Tiago Porto - EAESP-FGV/YSI-INET
09:15 – 10:30
Minicourse: Geosociology of the
Empire and the periphery: The class struggle that determines economic policy in
peripheral countries
Luiz
Carlos Bresser-Pereira (EAESP-FGV)
10:30 – 11:00
Coffee break
11:00 – 13:00
Round table I: Fiscal deficits, current
account deficits, and Investments in developing countries
Eliane
Araujo - UEM, Fabrício Missio - UFMG, Nelson Marconi – FGV , Tiago Porto – FGV
13:00 - 14:30
Lunch
14:30 – 16:30
YSI-INET Session: Macroeconomic
development, structural change, and green growth in developing countries
Andre Nassif - UFF, Carmem Feijo -
UFF, Danilo Spinola -Birmingham City University, Julia Torracca – UFRJ, Luiz
Fernando de Paula - UFRJ
16:30 – 17:00
Coffee break
17:00 – 18:30
What makes deficits 'bad'?
Investment flows in a world of currency hierarchies
Keynote Speaker: Jayati Ghosh - University of Massachusetts at
Amherst
December, 13
9:00 – 10:00 at the Noble Hall (4th floor) - YSI Especial Session
Masterclass: Inequality in the New Capitalism
Jayati Ghosh - University
of Massachusetts at Amherst
10:00 – 10:30
Coffee Break
10:30 – 12:30
Session 1a – INET Session - Comparative Political Economy, Development Strategies and State Capacity - Room 606
|
Paper |
Authors |
|
Paper 1 - The opposite paths
into the Second Globalization of China and Brazil. A political economy
account |
Antonino
Zunino – Universidad de la República |
|
Paper 2 - Technological
Intensity in Brazilian Industry (2001–2021): Structural Composition and
Lessons from China's Developmental Strategy |
Carlos
Eduardo Caldarelli – Universidade Estadual de Londrina |
|
Paper 3 - Rethinking State
Capacities for New Development Challenges |
Leila
Mucarsel – Universidad Nacional del Cuyo |
|
Paper 4 - GST and the
Sub-national Borrowing Paradox: Efficiency Gains vs. Autonomy Loss in Indian
States |
Ashraful Khalq - Jawaharlal
Nehru University |
|
Paper 5 - Public Infrastructure Development
in Nigeria: The Role of Fiscal Deficits, Macroeconomic Stability, and
Institutional Governance |
Gold Kafilah & Tajudeen
Oluwaseyi Joseph - University of Johannesburg |
Session 1b – Finance, Credit and structural changes in the global south – Room 607
|
Paper |
Authors |
|
Paper 6- The New Developmentalism and the
Role of Credit: A Post-Keynesian Analysis of Economic Development |
Emerson Braz – PUC-SP |
|
Paper 7 - The developing countries are
confronted with the triple challenge of higher growth, lower inequality, and
faster decarbonization. |
Eduardo
Santos de Sena - FGV |
|
Paper 8 - Financial Fragility through
Structural-Change Channels: A Balance-of-Payments-Constrained Framework |
Wellington Santos de Amorim - UNICAMP |
|
Paper 9 - Beyond Stabilization: A New
Developmentalist Case for Exchange Rate and Interest Rate Management in
Zimbabwe's Structural Transformation |
Rejoice Murisi – University of Zimbabwe |
Session 1c – INET Session – Productive Structure and Economic Development in Brazil – Room 608
|
Paper |
Authors |
|
Paper 10 - Total Labor Productivity
and Productive Structure: an Analysis of the Brazilian Economy based on Subsystems |
Theo Santini – Universidade
de Brasília |
|
Paper 11 - Developmentalism in
Debate: The Economic, Industrial, and Social Strategy of the Dilma Rousseff
Government (2011–2016) |
Janaína Fernanda
Battahin - Universidade Federal de Alfenas |
|
Paper 12 - Is Brazilian
premature deindustrialization a case of Dutch disease? |
André Nassif (UFF), Carmem (UFF), and
Eliane Araújo (UEM/UFRGS) |
|
Paper 13- Public Debt in Local
Currency, High Inflation and Interest Rates: The Brazilian Paradox and
International Lessons |
Bruno Roberto Dammski, Luciano d’Agostini – UFPR |
|
Paper 14 - The (null) impact of
the new economic matrix on Brazilian productivity: a synthetic control |
Lucas Gonçalves de Lima – FEA-USP |
Session 1d – INET Session – Structuralism and Periphery in Brazil and Latin America – Room 609
|
Paper |
Authors |
|
Paper 15 - A Structuralist
Methodological Rescue: Historical-Structural Method and Complexity
Perspective |
Matheus Alexandria Sposito and João Vicente –
FEA-USP |
|
Paper 16
- Primeira Globalização: O Padrão Ouro Clássico (1870-1914) e o Tratamento
Assimétrico da Periferia |
Luiz
Moraes de Niemeyer Neto – PUC-SP |
|
Paper 17
- O Brasil no mundo e o Mundo no Brasil”: retorno e reposicionamento
diplomático |
Douglas Meira Ferreira, Alexandre Abdal Cunha - FGV |
|
Paper 18 - The Master and the
Disciple: Furtado's view of Bresser-Pereira |
João Vicente Novaes Camargo Manna - FGV |
12:30 – 14:00
Lunch
14:00 – 16:00
Session 2a – Inequality, Employment, Wages, and Profit in Brazil – Room 606
|
Paper |
Authors |
|
Paper 19 - Sectoral markup and
its determinants in the Brazilian manufacturing |
Hugo
Carcanholo Iasco Pereira - UFPR |
|
Paper 20 - Average price of
labor and rate of surplus value in the Brazilian labor |
Raquel
Azevedo – Universidade Federal de Uberlândia |
|
Paper 21 - Wage-labor nexus and
financialized growth regime in Brazil: an anti-development model |
Miguel
Bruno (ENCE/IBGE, FCE-UERJ e FCE-Mackenzie Rio) and Denise Gentil (IE-UFRJ) |
|
Paper 22 - Employment Quality
and Complexity: Why Brazil's Gap Widened Relative to Global Leaders
(1994–2023) |
Luciano
D´Agostini - UFPR |
Session 2b - Sustainable Development and Green Transition in Brazil and Latin America – Room 607
|
Paper |
Authors |
|
Paper 23 - Industrial Policy
and Incentives for the Wind Energy Sector: A Comparative Analysis Between South
American Countries and Global Market Players |
Lindomayara França Ferreira - UFJF |
|
Paper 24 - A Theoretical and
Empirical Proposal for Reclassifying Investment Public Expenditures as Public
Value in the Context of Climate Transition |
Conrado Krivochein -
Universidade Federal Fluminense
|
|
Paper 25 - Smart City Initiatives in Latin
America: Catalysts for Sustainable Development or Drivers of Inequality? |
Leonardo
Elizondo – Universidad Nacional del Cuyo |
|
Paper 26 - Just Transition for
Brazil: a Post-Keynesian interpretation |
Vitor Eduardo Schincariol – USP Misael Dutra Gomes - UFABC
|
|
Paper 27 - Regionalizing
“Green” Transition Minerals for Structural Transformation in Africa |
Elvis Korku Avenyo - University of
Johannesburg
|
Session 2c – Development Strategy and Challenges in China and MIC – Room 608
|
Paper |
Authors |
|
Paper 28 - Managed Creative
Destruction, The Entrepreneurial State, and Socialism -China Through
Schumpeterian Lenses |
Leonardo Burlamaqui - UERJ
and The Levy Institute/Bard College |
|
Paper – 29 The original sin of
industrial policy: How FDI-led economic diversification fails middle-income
countries |
Matheus
Terentin – FGV |
|
Paper 30 - The Chinese
perspective on the green transition: strategies and outcomes |
Gilberto
Libânio, Diana Chaib, Eric Serbinenko e Monique Botelho - CEDEPLAR / UFMG |
|
Paper 31- If you want to
prosper, you must first build (digital) roads: Digital capitalism and the
externalization of China’s industrial policy objectives through the Digital
Silk Road |
Enzo
de Moraes Godinho – Sorbonne Université (EPOG+) |
Session 2d - Trade, fiscal policy and Inequality: Empirical Contributions – Room 609
|
Paper |
Authors |
|
Paper 32 - The Consumption Side of Trade
Shocks: Inequality Dynamics and Luxury Imports |
Vinicius Cicero – Denison
University |
|
Paper 33 - Conditional Cash Transfers
Versus Universal Basic Income Programs: a Comparative Economic Analysis Using
a Social Accounting Matrix for Brazil |
Marina
da Silva Sanches - USP |
|
Paper 34 - Fiscal Rules and Public
Investment: A Comparative Analysis between Advanced and Emerging
Economies" |
Filipe Eich - UFRGS |
|
Paper 35 - Gendered Impacts of Climate
Change and Climate Finance: Evidence from Agriculture in Nigeria and Kenya |
Gold
Kafilah – University of Johannesburg |
|
Paper 36 - The Effects of Tax Reform on the
Brazilian Federalism: The New VAT Dynamics |
Patrícia Ferreira Motta Café - Secretaria de Estado de
Fazenda do Distrito Federal
|
18:00
YSI
Social Gathering (place to be confirmed)