Luiz Carlos Bresser-Pereira is Emeritus professor of Getulio Vargas Foundation, Brazil. José Luís Oreiro is Associate Professor at Universidade Federal do Rio de Janeiro, Brazil. Nelson Marconi is Associate professor and Head of Research Center for Structuralist Development Macroeconomics at Sao Paulo School of Economics, Brazil

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• 1. Theoretical traditions and the method 2. Some definitions and productive sophistication 3. Demand-led growth 4. Foreign constraint 5. Value and price of the exchange rate 6. Overvaluation and access to the markets 7. The Dutch disease 8. Domestic, not foreign savings 9. Inflation, interest, and exchange rate appreciation 10. Balance of payment crises Chapter 11 The closing of the model 12. Wage, export or balanced-led? 13. Neutralizing the Dutch disease 14. Exchange rate policy 15. The transition to a high-development regime 16. Political economy of the once-and-for-all devaluation 17. Comparing and summing up

Luiz Carlos Bresser-Pereira is Emeritus professor of Getulio Vargas Foundation, Brazil. José Luís Oreiro is Associate Professor at Universidade Federal do Rio de Janeiro, Brazil. Nelson Marconi is Associate professor and Head of Research Center for Structuralist Development Macroeconomics at Sao Paulo School of Economics, Brazil

Select Guide Rating

• 1. Theoretical traditions and the method 2. Some definitions and productive sophistication 3. Demand-led growth 4. Foreign constraint 5. Value and price of the exchange rate 6. Overvaluation and access to the markets 7. The Dutch disease 8. Domestic, not foreign savings 9. Inflation, interest, and exchange rate appreciation 10. Balance of payment crises Chapter 11 The closing of the model 12. Wage, export or balanced-led? 13. Neutralizing the Dutch disease 14. Exchange rate policy 15. The transition to a high-development regime 16. Political economy of the once-and-for-all devaluation 17. Comparing and summing up