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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

Consumption in the new Latin American models

The main objective of this article is to study the role played by consumption in the economic and political strategies followed in recent years in tire countries of the Southern Cone of Latin America. The author places at the centre of his analysis an apparent paradox whose significance he seeks to discover: on the one hand, these societies display a considerable increase in the consumption of durable goods and other ‘sophisticated’ articles, primarily acquired through imports, and this is usually presented as a manifestation of the success of such strategies, but on the other hand, the same societies also display both growing inequality in the distribution of wealth and income and a deterioration in the degree of coverage of the basic needs of the poorest strata.

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