The Access to Demand

Authors

  • Luiz Carlos Bresser-Pereira Associação Keynesiana Brasileira

DOI:

https://doi.org/10.33834/bkr.v1i1.14

Keywords:

exchange rate, current equilibrium, industrial equilibrium, access to demand

Abstract

In this paper I argue that, in developing countries, sufficient aggregate demand is not enough to motivate investment and achieve full employment. Besides, according to the Keynesian developmental macroeconomics under construction, competent business enterprises must have access to that demand – access which is denied to most of them because developing countries face the tendency to the cyclical and chronic overvaluation of the exchange rate.

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Published

2015-05-07

How to Cite

Bresser-Pereira, L. C. (2015). The Access to Demand. Brazilian Keynesian Review, 1(1), 35–43. https://doi.org/10.33834/bkr.v1i1.14

Issue

Vol. 1 No. 1 (2015)

Section

Articles

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