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Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.

Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not successful. The author criticizes both old-style developmentalism and the economics of the Washington Consensus. He argues instead for a "new developmentalism" or third approach that builds on a national development strategy. This approach differs from the neoliberal strategy that rich nations propose to emerging economies principally on macroeconomic grounds. Developing countries face a key obstacle to growth, namely, the tendency to overvaluate foreign exchange. Instead of neutralizing it, the policy that rich countries promote mistakenly seeks growth through foreign savings, which causes additional appreciation of the national currency and often results in financial crises rather than genuine investment.

In 1974, the Brazilian sports official João Havelange was elected FIFA’s president in a two-round election, defeating the incumbent Stanley Rous. The story told by Havelange himself describes a private odyssey in which the protagonist crisscrosses two thirds of the world canvassing for votes and challenging the institutional status quo. For many scholars, Havelange’s triumph changed FIFA’s (International Federation of Football Association) identity, gradually turning it into a global and immensely wealthy institution. Conversely, the election can be analyzed as a historical event. It can be thought of as a political window by means of which the international dynamic of a specific moment in the Cold War can be perceived. In this regard, this book seeks to understand which actors were involved in the election, how the networks were shaped, and which political agents were directly engaged in the campaign.

The Rise and Fall of Neoliberal Rentier Capitalism is an account of the political economy of capitalism in the 20th and 21st centuries. Capitalism is an unjust form of economic organisation; it is a culture of exacerbated individualism justified by the glorification of individual competition. Today, after 40 years of neoliberalism, capitalism faces again a legitimation crisis. The book discusses capitalism after two revolutions - the Organisational Revolution and the Democratic Revolution. It views capitalism since the New Deal in the US and the post-war as a progressive and developmental era and the Neoliberal Turn as the change from social democracy to radical and regressive global neoliberalism, which was a regressive time for almost forty years. In the Neoliberal Years, rentiers replaced entrepreneurs in the command of the economy and called on the financiers to manage their wealth and serve as organic intellectuals, and both mounted an attack to the state, which is the main capitalist institution. The global crisis and, in 2020, the Covid pandemic showed that the state remains the nations' resource of last instance. The transition of China from statism to an active developmentalism resulted in an extraordinary growth. Given such realities, in 2021 we saw the collapse of neoliberalism, and in the United States, a Developmental Turn - the state is back in the economy. The transition phase we live in is characterised by three main forces - economic liberalism, managerialism, and democracy. Economic liberalism is the great defeated, managerialism became powerful and is developmental, and democracy is the stronger force. It was attacked by neoliberalism and is now being attacked by right-wing populism, but resisted and resists brilliantly, proving that it was a conquest of the popular classes that became a universal value counting on the support of all social classes.

This timely book offers a concise summary of new developmentalism, exploring this in the context of both heterodox economics and political economy. It adopts a historical–structural method that is critical of orthodox or Neoclassical Economics. Luis Carlos Bresser-Pereira delves into the roots of new developmentalism from the quasi-stagnation of middle-income countries, covering how it developed from Marxian economics, post-Keynesian economics and Classical Structuralism.

After the 1994 Real Plan ended 14 years of high inflation in Brazil, the country's economy was expected to grow quickly. Here, the author discusses Brazil's economic trajectory from the mid-1990s to the present Lula administration.

Developmental Macroeconomics: Access to Demand, the Exchange Rate and Growth offers a new approach to development economics and macroeconomics. It is a Keynesian-structuralist approach to economics applied to middle income countries that emphasizes the strategic role of demand in creating investment opportunities that are essential to economic development. It also explores crucial links between short-term full employment and financial stability with medium term growth. While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate, the inflation rate and the profit rate). It develops a group of concepts and models and blends them together in the model of the tendency to the cyclical overvaluation of the exchange rate in developing countries. According to this model, the exchange rate tends to be chronically overvalued. In so far that this is true the exchange rate ceases to be just a short-term problem to be treated by macroeconomics and becomes central to development economics and should be crucially oriented to manage the exchange rate and keep it competitive at the industrial equilibrium level. The book closes with the presentation of new developmentalism – a national development strategy based on the system of models previously discussed that is both an alternative to old national-developmentalism and to liberal orthodoxy or the Washington consensus.

Designed as a survey and focused on key examples and movements arranged chronologically from 1903 to 2003, this is the first comprehensive history of modern architecture in Latin America in any language. Runner-up, University Co-op Robert W. Hamilton Book Award, 2015 Modern Architecture in Latin America: Art, Technology, and Utopia is an introductory text on the issues, polemics, and works that represent the complex processes of political, economic, and cultural modernization in the twentieth century. The number and types of projects varied greatly from country to country, but, as a whole, the region produced a significant body of architecture that has never before been presented in a single volume in any language. Modern Architecture in Latin America is the first comprehensive history of this important production. Designed as a survey and focused on key examples/paradigms arranged chronologically from 1903 to 2003, this volume covers a myriad of countries; historical, social, and political conditions; and projects/developments that range from small houses to urban plans to architectural movements. The book is structured so that it can be read in a variety of ways—as a historically developed narrative of modern architecture in Latin America, as a country-specific chronology, or as a treatment of traditions centered on issues of art, technology, or utopia. This structure allows readers to see the development of multiple and parallel branches/historical strands of architecture and, at times, their interconnections across countries. The authors provide a critical evaluation of the movements presented in relationship to their overall goals and architectural transformations.

the informal construction process of the favelas is an architecture derived from our building practices but less inhibited by preconceived notions of design. in times of limited resources, fast urbanization and increasing demand for shelter, such process in which the materials not only come first but arrive at the construction site before any spatial abstraction has been conceived is a challenge to our creative process. the favela studio was a semester-long exploration of informal settlements searching for creative design solutions as well as a deeper understanding of the issues at Acaba-Mundo favela, a settlement of 1200 people in Belo Horizonte, Brazil.