Lena Lavinas is Professor of Welfare Economics at the Institute of Economics at the Federal University of Rio de Janeiro, Brazil, and Senior Researcher at the Brazilian National Research Council (CNPQ). Her most recent appointment was as a fellow (2016-2017) at the Wissenschaftskolleg (Institute for Advanced Study) in Berlin.

• 1. Introduction.- 2. Social Developmentalism as a Growth Model in Times of Financialization.- 3. Financial Inclusion in the New Covenant for Growth.- 4. Connections between the Social Protection System, Taxation, and Financialization.- 5. Lingering Brazilian Paradoxes.

Lena Lavinas is Professor of Welfare Economics at the Institute of Economics at the Federal University of Rio de Janeiro, Brazil, and Senior Researcher at the Brazilian National Research Council (CNPQ). Her most recent appointment was as a fellow (2016-2017) at the Wissenschaftskolleg (Institute for Advanced Study) in Berlin.

• 1. Introduction.- 2. Social Developmentalism as a Growth Model in Times of Financialization.- 3. Financial Inclusion in the New Covenant for Growth.- 4. Connections between the Social Protection System, Taxation, and Financialization.- 5. Lingering Brazilian Paradoxes.

Lena Lavinas is Professor of Welfare Economics at the Institute of Economics at the Federal University of Rio de Janeiro, Brazil, and Senior Researcher at the Brazilian National Research Council (CNPQ). Her most recent appointment was as a fellow (2016-2017) at the Wissenschaftskolleg (Institute for Advanced Study) in Berlin.

• 1. Introduction.- 2. Social Developmentalism as a Growth Model in Times of Financialization.- 3. Financial Inclusion in the New Covenant for Growth.- 4. Connections between the Social Protection System, Taxation, and Financialization.- 5. Lingering Brazilian Paradoxes.