New Developmentalism incorporates the positive contributions of early development theorists into the future point of view. This assessment points to the importance of and problems relating to exchange rates in the development process and attempts to provide a contemporary version of the theory, adapted to the twentieth century world of globalization and financialization.
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(This article was originally published in the Brazilian Journal of Political Economy, vol. 38, nº 1 (150), pp. 70-75, January-March/2018)