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Publications / Economic Stagnation and Alternative Development Stategies

Paper presented at the workshop on “New Developmentalism and a Structuralist Development Macroeconomics,” Celso Furtado International Center, Sao Paulo, Brazil, August 15-16, 2011.

Economic Stagnation and Alternative Development Stategies
Arturo Guillén R.

15 août 2011

The focus of my paper is the presentation of some thoughts on overcoming economic stagnation, with reference to the case of Mexico. In Section 2, I will describe the reasons why the policies of financial opening based on the Washington Consensus create endogenous tendencies toward economic stagnation and overvaluation of currencies. Section 3 offers a concise outline of a possible alternative development project for Mexico. Section 4 presents some proposals regarding monetary, foreign exchange, and fiscal policy oriented toward reviving economic growth. Finally, in Section 5, I present some conclusions.

(Lire la suite dans le document joint)


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