Neo-developmentalist

The use of the adjective “liberal” in “liberal neo-developmentalism” could be useful for future scholars who may wish to distinguish Brazil’s policy regime from other neo-developmentalist alternatives in the Latin American region and elsewhere.

Unlike the protectionism and export pessimism of old developmentalists, neo-developmentalists think that since middle-income countries have overcome the infant industry stage, protectionism should be scrapped and the goal of the open economy should be accepted as fundamental.