RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY
This article discusses the challenges of financing economic development and how the Modern Monetary Theory (MMT) offers important tools for countries to overcome historical difficulties. It is shown how financialization creates problems for central countries to finance innovation, previo...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Instituto de Pesquisa Econômica Aplicada
2022-12-01
|
| Series: | Revista Tempo do Mundo |
| Subjects: | |
| Online Access: | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/392/341 |
| _version_ | 1797858316115771392 |
|---|---|
| author | Luiz Alberto Marques Vieira Filho David Deccache |
| author_facet | Luiz Alberto Marques Vieira Filho David Deccache |
| author_sort | Luiz Alberto Marques Vieira Filho |
| collection | DOAJ |
| description | This article discusses the challenges of financing economic development and how the Modern Monetary Theory (MMT) offers important tools for countries to overcome historical difficulties. It is shown how financialization creates problems for central countries to finance innovation, previously restricted to peripheral countries. It is argued that in sovereign money-issuing countries, the State can and should actively participate in development financing. |
| first_indexed | 2024-04-09T21:11:24Z |
| format | Article |
| id | doaj.art-e879c1d816794a839b7d593c558c5d97 |
| institution | Directory Open Access Journal |
| issn | 2176-7025 2675-150X |
| language | English |
| last_indexed | 2024-04-09T21:11:24Z |
| publishDate | 2022-12-01 |
| publisher | Instituto de Pesquisa Econômica Aplicada |
| record_format | Article |
| series | Revista Tempo do Mundo |
| spelling | doaj.art-e879c1d816794a839b7d593c558c5d972023-03-28T19:58:19ZengInstituto de Pesquisa Econômica AplicadaRevista Tempo do Mundo2176-70252675-150X2022-12-0129113138http://dx.doi.org/10.38116/rtm29art4RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORYLuiz Alberto Marques Vieira Filho0https://orcid.org/0000-0001-7497-1836David Deccache1https://orcid.org/0000-0002-0425-6041State University of Campinas (Unicamp)University of Brasília (UnB)This article discusses the challenges of financing economic development and how the Modern Monetary Theory (MMT) offers important tools for countries to overcome historical difficulties. It is shown how financialization creates problems for central countries to finance innovation, previously restricted to peripheral countries. It is argued that in sovereign money-issuing countries, the State can and should actively participate in development financing.https://www.ipea.gov.br/revistas/index.php/rtm/article/view/392/341modern monetary theoryeconomic development financeeconomic development |
| spellingShingle | Luiz Alberto Marques Vieira Filho David Deccache RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY Revista Tempo do Mundo modern monetary theory economic development finance economic development |
| title | RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY |
| title_full | RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY |
| title_fullStr | RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY |
| title_full_unstemmed | RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY |
| title_short | RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY |
| title_sort | rethinking development finance in the light of modern monetary theory |
| topic | modern monetary theory economic development finance economic development |
| url | https://www.ipea.gov.br/revistas/index.php/rtm/article/view/392/341 |
| work_keys_str_mv | AT luizalbertomarquesvieirafilho rethinkingdevelopmentfinanceinthelightofmodernmonetarytheory AT daviddeccache rethinkingdevelopmentfinanceinthelightofmodernmonetarytheory |