Economic Stagnation and Alternative Development Stategies
15 août 2011, Arturo Guillén R.
Paper presented at the workshop on “New Developmentalism and a Structuralist Development Macroeconomics,” Celso Furtado International Center, Sao Paulo, Brazil, August 15-16, 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)
