Brazilian Journal of Political Economy <p><img src="/rep/public/site/images/centrode_ojs2/banner9.jpg"></p> <p>&nbsp;</p> <p><strong>The Center of Political Economy&nbsp; </strong>is a cultural character association that publishes, since 1981, the&nbsp;<em>Brazilian Journal of Political Economy /</em><em>Revista de Economia Política</em> - and conducts regular seminars and conferences on the issue of economic and social development and macroeconomic stability. <a href="">Read More</a></p> <p><strong>Brazilian Journal of Political Economy</strong> is a peer-reviewed, bilingual academic journal, published quarterly since 1981 by the Center for Political Economy through Editora 34. It is the most cited academic journal of economics in Brazil. <a href="">Read More</a></p> en-US (Cecília Heise) ( Tue, 30 Mar 2021 00:00:00 -0300 OJS 60 STRENGTHENING THE ROLE OF LAW IN A GLOBALIZING SOCIETY IN CONDITIONS OF THE COVID-19 PANDEMIC <p>The rule of law and democracy are interrelated and reinforced each other, and belong to universal and indivisible basic values ??and principles in the world.&nbsp; The role of law based on key democratic principles, such as equality before the law, accountability to the law, separation of the authorities and participation in decision-making.&nbsp; Like democracy, the rule of law is the principle of management based on the processes of participation and consultation.&nbsp; In order for the laws to be legitimate, they should be widely studied and reflect the needs and values ??of society.&nbsp; Democratically elected parliament and strong civil society provide ideal mechanisms to achieve this goal.&nbsp; Modern globalization creates its own approaches to the formation of the concept of strengthening the role of law.</p> Aidos Atzhan Copyright (c) ESSENCE AND DEFINITION OF KAZAKHSTAN’S LEGAL POLICY AS THE BASIS OF DEMOCRACY <p>The article considers the issues of essence and definition of Kazakhstani legal policy, which are still unexplored in sociological and political literature. The article discusses new approaches, assessments and solutions of the socio-political problems of the essence and the definition of the legal policy of the Republic of Kazakhstan.</p> <p>The article notes that the most significant theoretical issue regarding the socio-political study of the essence and determination of the legal policy of the Republic of Kazakhstan include: understanding of politics as a generic basis for the formation of Kazakhstan's legal policy; identification of the functioning of Kazakhstani law as the most important condition and the essential basis for the formation of a scientifically sound legal policy of the country, the study of the mechanism of interaction between politics and law, their mutual penetration into each other and under a new buzz of vision, the identification of the political content of law and the legal content of politics in Kazakhstan; scientific analysis of the role of legal policy of Kazakhstan in the formation and development of the rule-of-law state and civil society in the country; ensuring the rights and freedoms of Kazakhstanis, strengthening their guarantees as a factor in social and political stability and the unifying role of all layers of Kazakhstani society. Kazakhstan legal policy is an activity based on the unity of politics and law, conceptually formulated political and legal ideas of a strategic and tactical nature, that is, such doctrines that determine the direction of development of the country, strengthen legality and order, the formation of a rule-of-law state and high legal culture of society and the individual. At the same time, the article focuses on discussion issues.</p> Meirbek Zhumagulov Copyright (c) LEGAL CONSCIOUSNESS OF THE KAZAKHSTAN SOCIETY: NEW APPROACHES, ASSESSMENTS AND SOLUTIONS <p>The article discusses current issues of the legal consciousness of Kazakhstani society, which have not yet been studied in sociological and political literature. The article considers new approaches, assessments and solutions of sociological and political problems of the legal consciousness of the population of the Republic of Kazakhstan: the essence of the legal consciousness of the Kazakhstan population; basic principles of legal consciousness in Kazakhstani society; development of the legal consciousness of the Kazakh people; education of the legal consciousness of Kazakhstani people. The article notes that the legal consciousness of the population of Kazakhstan is the sphere of public, group or individual consciousness of Kazakhstanis, the totality of their ideas and views on existing law, on existing legal norms that reflect the attitude of Kazakhstanis to existing or desired legal reality. At the same time, the article focuses on discussion issues.</p> Meirbek Zhumagulov Copyright (c) The Role of Capital Movements in Latin American Balance of Payments in 1990-2019 <p>We studied the balance of payments data for a set of Latin American countries between 1990 and 2019. We intended to quantify the main items of foreign exchange income and expenditure. We were particularly interested in studying the magnitude and role of financial flows, either as a source of external resources or as an item of expenditure. The analysis was carried out in two dimensions: cross section (for a sample of 11 nations) for the entire period and over time for the three decades covered by the data. This study offers an empirical basis to reassess the traditional view that places an "external constraint" on growth in the foreign trade. In contrast, the data analyzed here suggest that items related to financial flows are the main responsible for external vulnerability of these countries.</p> Gustavo Burachik Copyright (c) Why Why the crisis that hit Brazil between 2014 – 2017 did not affect Mexico. What this difference teaches us about the COVID-19 crisis in both countries <p>This article adopts the growth constraints approach to explain why Brazil experienced a severe crisis between 2014 and 2017 while Mexico continued to expand during that same period. Additionally, evidence is presented on how external constraints to growth variables impacted differently on Brazil and Mexico’s respective economic growth between 2002 and 2019, especially during the Brazilian crisis of 2014 to 2017. The findings contain valuable lessons regarding the COVID-19 crisis in both countries</p> Carlos Fraga Carlos Copyright (c) MNEs strategies in the neoliberal exit and neo-populism deepening. Argentina (2002-2012) <p>The purpose of this work is to contribute to research regarding the strategies of multinational enterprises (MNEs) in the context of the withdrawal of neoliberalism and the establishment of neo-populism –based on greater industrial protection, nationalism, and salary rise. This analysis will be performed from a perspective that incorporates nonmarket strategies (NMS) and market strategies (MS) of the main MNEs from Argentinian industrial sectors that grew only over the neopopulist period.</p> <p>The originality of this work lies in achieving a multidimensional approach of the NMS and MS following the Argentinian case, taking into account the local-regional-worldwide dynamics.</p> Federico Daniel Naspleda Copyright (c) A Overshooting of the Exchange Rate in the Peruvian Economy A Structural VEC Application <p>In this paper we use data for Peru in monthly frequency from 2005 to 2019 to contrast the hypothesis of overreaction of the exchange rate of Dornbusch (1976). Following Garrat (2006) we estimate a structural VAR with Johansen cointegration to verify the existence of long-term theoretical relationships around the hypothesis of purchasing power parity, discovered interest rate parity, and for the real demand for money. The results suggest that for Peru the three hypotheses are significant and consistent with the theory.</p> Wilder Pizarro Rodas Copyright (c) APPROACHES TO THE FORMATION OF THE CONCEPT OF STATE OF LAW <p>The role of law based on key democratic principles such as equality before the law, accountability before the law, separation of powers and participation in decision-making. Like democracy, the rule of law is a governance principle based on participatory and consultative processes. For laws to be legitimate, they must be widely studied and reflect the needs and values ??of society. A democratically elected parliament and a strong civil society provide ideal mechanisms to achieve this goal. Modern globalization creates its own approaches to the formation of the concept of the state of law</p> Aidos Atzhan Copyright (c) MINING-ENERGY BOOM AND DEEPENING OF DEPENDENCE IN COLOMBIA: INSERTION IN AN EXPORT MODEL OF PRODUCTIVE SPECIALIZATION POST-1990. <p>This article aims to advance the understanding of the causes of the greater dependence and vulnerability of the Colombian economy, as a result of the process of trade liberalization and financial deregulation, which began in the country in the early 1990s. It is argued that the insertion in a primary-export model of productive specialization, aimed at commodities of the extractive sector, has deepened macroeconomic instability in recent years, given the recurring fluctuations in the international price of mining-energy products. In addition, it is stated that the granting of greater benefits to foreign capital that invests in this sector has contributed to the exacerbation of dependence.</p> JOSE DAVID REDONDO OCHOA Copyright (c) PROCERA: Institutionality, subsidy and effectiveness <p>This paper presents the results of a research on the efficacy of the Special Program of Credit for Agrarian Reform (PROCERA). It begins by showing the recent evolution of disbursements within the Program, the sources of funds and the subsidy rate. It then proceeds by discussing the objectives of the Program and proposing a measure of its efficacy. In addition to that, it is argued that, due to the high subsidy rate and the Program’s institutional framework, that generates the belief on the part of the borrower that the loan is not to be paid, the Program’s efficacy must be very low. This means that most credit is used to buy consumer goods or to increase production for self-consumption, instead of increasing production geared to the market. Some empirical evidence in favor of this hypothesis is also presented.</p> <p><strong>JEL Classification:</strong> Q18; O13; Q15.</p> Gervásio Castro de Rezende Copyright (c) 0 Tue, 10 Dec 2019 00:00:00 -0300