8th Workshop on New Developmentalism Fiscal Deficits, Current account deficits, and Investments in developing countries

presencial Rua Itapeva, 432 (4th floor) - São Paulo - São Paulo - Brasil

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About the event

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)

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