Luiz Carlos Bresser Pereira has taught economics and political theory at the Getulio Vargas Foundation, Sao Paulo, Brazil, since 1962. More recently, he has also taught at the Ecole des Hautes Etudes en Sciences Sociales in Paris. Professor Bresser Pereira was Minister of Finance in the Jose Sarney administration in Brazil (1987) and with the technical support of two major international banks framed the proposal on how to solve the foreign debt crisis that formed the basis of the Brady Plan (1989). From 1995 to 1999, he served as Brazil's Minister of Public Administration and Reform of the State and Minister of Science and Technology. In addition to numerous titles in Portuguese, Professor Bresser Pereira's works in English include Development and Crisis in Brazil (1984), The Theory of Inertial Inflation (1987), Economic Reforms in New Democracies (Cambridge University Press, 1993, with Jose Maria Maravall and Adam Przeworski), Democracy and Public Management Reform (2004), and Developing Brazil (2009).

'At last, a 'new something' that is really new. Bresser Pereira carefully creates the concept of 'new developmentalism' to show the lines along which old national policies are being transformed into vigorous global efforts to catch up. A scholarly work that is in tune with the times.' Alice Amsden, MIT

• Introduction; Part I. Political Economy: 1. Globalization and catching up; 2. The key institution; 3. New developmentalism; Part II. Development Macroeconomics: 4. The tendency of the exchange rate to overvaluation; 5. The Dutch disease; 6. Foreign savings and slow growth; 7. Foreign savings and financial crises; Conclusion.

Luiz Carlos Bresser Pereira has taught economics and political theory at the Getulio Vargas Foundation, Sao Paulo, Brazil, since 1962. More recently, he has also taught at the Ecole des Hautes Etudes en Sciences Sociales in Paris. Professor Bresser Pereira was Minister of Finance in the Jose Sarney administration in Brazil (1987) and with the technical support of two major international banks framed the proposal on how to solve the foreign debt crisis that formed the basis of the Brady Plan (1989). From 1995 to 1999, he served as Brazil's Minister of Public Administration and Reform of the State and Minister of Science and Technology. In addition to numerous titles in Portuguese, Professor Bresser Pereira's works in English include Development and Crisis in Brazil (1984), The Theory of Inertial Inflation (1987), Economic Reforms in New Democracies (Cambridge University Press, 1993, with Jose Maria Maravall and Adam Przeworski), Democracy and Public Management Reform (2004), and Developing Brazil (2009).

'At last, a 'new something' that is really new. Bresser Pereira carefully creates the concept of 'new developmentalism' to show the lines along which old national policies are being transformed into vigorous global efforts to catch up. A scholarly work that is in tune with the times.' Alice Amsden, MIT

• Introduction; Part I. Political Economy: 1. Globalization and catching up; 2. The key institution; 3. New developmentalism; Part II. Development Macroeconomics: 4. The tendency of the exchange rate to overvaluation; 5. The Dutch disease; 6. Foreign savings and slow growth; 7. Foreign savings and financial crises; Conclusion.