Abstract
ABSTRACT Article aims to integrate New Developmentalism with Ecological View by means of the concepts of Ecological Structural Change (ESC) and Eco-Developmental Class-Coalition (EDCC). ESC means to increase the share of green manufacturing sector in GDP and employment for increasing the environmental efficiency of the economy. Exchange rate overvaluation caused by Dutch disease and growth with foreign savings can harm green manufacturing industries even more than brown manufacturing industries. ESC needs the existence of an EDCC that can be made difficult to occur if exchange rate over-valuation is not removed through taxes over commodities exports, capital controls and a dual mandate for the Central Bank.
Highlights
The following note aims to illustrate a potential new research field: the integration of ecological approach into the new developmentalism (ND) framework
Ecological view is founded on the interconnection across environment, economy and society, thereby it could represent an enlargement of the economy-society nexus at the base of ND
We detail the essentials of ND through the “ecological” lenses by considering the commune aspects of old and new developmentalism as well as the peculiarities of ND indicated by Bresser-Pereira (2012, 2019) and Oreiro et al (2020)
Summary
The following note aims to illustrate a potential new research field: the integration of ecological approach into the new developmentalism (ND) framework. This interaction could be fruitful for both: on one side, ND can provide sound analytical instruments to the ecological investigation, on other one ecological approach can enable the ND to have a more complete vision of development process and in particular, of the urgent environmental challenges. We detail the essentials of ND through the “ecological” lenses by considering the commune aspects of old and new developmentalism as well as the peculiarities of ND indicated by Bresser-Pereira (2012, 2019) and Oreiro et al (2020)
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