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Class Coalition and the Political Economy of New Developmentalism: an essay in honour of Bresser-Pereira

By Jose Luis Oreiro


PKES Working Paper 2411

August 2024

This paper aims to show that the political obstacles to the implementation of a new-developmentalist model in Brazil can be overcome by the reconstruction of a developmentalist class coalition like the one that emerged in Brazil after the 1930 Revolution led by GetĂșlio Vargas. The concept of class coalition was developed by Bresser-Pereira in his book "The Political Construction of Brazil". A class coalition is defined as the emergence of coalitions of interests between groups that belong to distinct social classes. A developmentalist coalition results from the perception on the part of urban workers, industrial entrepreneurs and government technocracy that their economic interests are not served by liberal policies, since they are incapable of generating economic development, being useful only to rentiers and the domestic and international financial interests.

Keywords: New-Developmentalism, Class Coalition, Bresser-Pereira

JEL classification: B31 O10 O11 O20