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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

A new international industrial order

There can be little doubt that the present international order, especially in the field of industry, is markedly different from that which existed at the beginning of the century, and even from the order existing after the last war. This new order is distinguished above all by the extraordinary intensity that international competition has assumed in it; by the fact that primarily it only involves a few thousand world-scale transnational corporations operating in half a dozen technologically advanced industries and another half dozen which are in full process of restructuring; by the fact that its interest is centered on three markets (the United States, the European Economic Community and Japan), which together make up what is called “the Triad”; and by the fact that the power relations between the countries and the transnational corporations are in a process of continuous and ever more rapid change.

English Spanish

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