A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms

ABSTRACT A semantic change has occurred in the scope of structural reforms’ term. This article reviews Celso Furtado’s work, in particular, the ones related to this specific topic, and compares it with the current literature. It appears that structural reforms in the Furtadian conception connoted ba...

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Main Author: Guilherme Silva Cardoso
Format: Article
Language:English
Published: Editora 34 2022-01-01
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000100105&tlng=en
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author Guilherme Silva Cardoso
author_facet Guilherme Silva Cardoso
author_sort Guilherme Silva Cardoso
collection DOAJ
description ABSTRACT A semantic change has occurred in the scope of structural reforms’ term. This article reviews Celso Furtado’s work, in particular, the ones related to this specific topic, and compares it with the current literature. It appears that structural reforms in the Furtadian conception connoted base transformations and were guided by the developmentalism school of thought. Nowadays, it is of general knowledge that, under the new-institutionalist influence, “structural reforms” are associated with liberal policies for monitoring fiscal consolidations, without consensus as to the power of effectiveness. The effort to rescue and understand the original conceptions of certain keywords in the economic development literature, as well as the way in which their interpretations and practices modify over time, is shown to be of paramount importance as the capitalist system struggle to find ways of adapting itself to the current situation of developing economies.
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spelling doaj.art-374fc2b620174caf912c48bf6a0677fc2022-12-22T04:16:05ZengEditora 34Brazilian Journal of Political Economy1809-45382022-01-0142110511210.1590/0101-31572021-3262A keyword on the footer: the Furtadian and the (re)current meaning of structural reformsGuilherme Silva Cardosohttps://orcid.org/0000-0002-0702-8992ABSTRACT A semantic change has occurred in the scope of structural reforms’ term. This article reviews Celso Furtado’s work, in particular, the ones related to this specific topic, and compares it with the current literature. It appears that structural reforms in the Furtadian conception connoted base transformations and were guided by the developmentalism school of thought. Nowadays, it is of general knowledge that, under the new-institutionalist influence, “structural reforms” are associated with liberal policies for monitoring fiscal consolidations, without consensus as to the power of effectiveness. The effort to rescue and understand the original conceptions of certain keywords in the economic development literature, as well as the way in which their interpretations and practices modify over time, is shown to be of paramount importance as the capitalist system struggle to find ways of adapting itself to the current situation of developing economies.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000100105&tlng=enCelso FurtadoStructural ReformsInstitutional ReformsDeveloping Economies
spellingShingle Guilherme Silva Cardoso
A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
Brazilian Journal of Political Economy
Celso Furtado
Structural Reforms
Institutional Reforms
Developing Economies
title A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
title_full A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
title_fullStr A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
title_full_unstemmed A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
title_short A keyword on the footer: the Furtadian and the (re)current meaning of structural reforms
title_sort keyword on the footer the furtadian and the re current meaning of structural reforms
topic Celso Furtado
Structural Reforms
Institutional Reforms
Developing Economies
url http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000100105&tlng=en
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