Development and stagnation in Latin America: A structuralist approach

Furtado, Celso

doi:10.1007/bf02800594

Cited by 61 publications

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“…While mainstream explanations see exogenous productivity growth as a driving force behind structural change, structuralist economists emphasize a circular causation process . Furtado (), who strongly supports the idea that a highly concentrated income‐distribution profile affects the level and structure of aggregate demand, outlines this view in the following terms: “Thus, a circular causation process arises by which the changes in the pattern of the aggregate demand determine changes in the structure of supply which, as they are realized cause: (a) an increase in the capital‐labor ratio of the economy as a whole …” (Furtado : 171). He immediately adds: “The rise in the coefficient of capital per unit of labor, under conditions of a stable wage rate, works towards fostering the concentration of income” (Furtado : 171).…”

Section: Structural Changementioning

confidence: 99%

Some Useful Concepts for Development Economics in the Tradition ofLatinAmerican Structuralism

Vera

2013

American J Econ Sociol

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The aim of this article is to provide a selective account of some of the most important conceptual contributions of the Latin American structuralist tradition to the area of development economics. We argue that this account may help modern development economics theory overcome visible limitations and develop in a more fruitful way. We trace back the origin of these conceptualizations and identify some recent and scant efforts to incorporate them into the mainstream economic development literature. We try to clarify the meaning of the concepts and amplify their current economic significance for developing countries. The constructs selected are: (1) structural change, (2) structural disequilibrium, (3) bottlenecks, (4) structural heterogeneity, (5) endogenous nucleus of technological dynamization, (6) social disarticulation, and (7) conflict‐led instability.

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Section: Structural Changementioning

confidence: 99%

Some Useful Concepts for Development Economics in the Tradition ofLatinAmerican Structuralism

Vera

2013

American J Econ Sociol

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“…(1) Furtado (1965b) e Furtado (1966b). Furtado e Maneschi (1968) apresenta uma variação do modelo estagnacionista.…”

Section: Introductionunclassified

Furtado e seus críticos: da estagnação à retomada do crescimento econômico

Coutinho

2019

Econ. soc.

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ResumoO artigo discute o 'modelo de estagnação', desenvolvido por Furtado em 1965 e 1966, e comenta a crítica de Tavares e Serra à formulação de Furtado, de 'Além da Estagnação ' (1971). Procura discutir em que medida os textos de Furtado da primeira metade dos anos 1970 teriam representado uma meia-volta, no sentido de abandono dos pressupostos analíticos do modelo estagnacionista. Conclui que os impasses do modelo de estagnação de Furtado são inúmeros e bem diversos daqueles arguidos por Tavares e Serra.Palavras-chave: Celso Furtado, 1920-2004; Modelo de estagnação; Relação capital/produto. Abstract Furtado and his critics: from stagnation to the recovery of economic growthThe article debates the 'stagnation model' proposed by Furtado in 1965 and 1966, and comments on Tavares and Serras's criticism of Furtado's model, in 'Beyond Stagnation' (1971). It also discusses to what extent Furtado's 1970s texts would have represented a change in opinion, in the sense of putting aside the analytical presuppositions of the stagnation model. It is argued that the dilemmas of Furtado's stagnation model are many, and quite different from those argued by Tavares and Serra.

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“…His proposition that the developed and underdeveloped countries are linked by a series of asymmetric relationships, which reproduce the inequalities of the capitalist system, represented a key departure from the then prevalent evolutionist and diffusionist modernization and stage theories of development, as well as from orthodox international trade theory. For Furtado (1965) the main distinguishing feature of underdeveloped countries is the existence of a pre-capitalist sector. This acts as a labour reserve for the capitalist sector, thereby maintaining low wages.…”

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confidence: 99%

Celso Furtado: Pioneer of Structuralist Development Theory

Kay¹

2005

Development and Change

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Development and stagnation in Latin America: A structuralist approach

Cited by 61 publications

References 0 publications

Some Useful Concepts for Development Economics in the Tradition ofLatinAmerican Structuralism

Some Useful Concepts for Development Economics in the Tradition ofLatinAmerican Structuralism

Furtado e seus críticos: da estagnação à retomada do crescimento econômico

Celso Furtado: Pioneer of Structuralist Development Theory

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