National Development Strategy: The key economic growth institution Luiz Carlos Bresser-Pereira

This paper argues that economic growth is almost invariably the outcome of a national development strategy that can be evolved when a nation is strong, and the different social classes are able to cooperate and formulate an effective strategy to promote growth and face international competition and which in turn stimulates capital accumulation and technical progress. The paper goes on to provide a discussion of the main characteristics of such strategies, both in developed and developing countries, and ends with an analysis of the conflicts involved in national development strategies.

development_strategy (Download the full text in PDF format)