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

El Salvador: Industrial policy, business attitudes and future prospects

This article analyses the interaction between changes in the domestic and external economic environments, industrial policies and business attitudes in El Salvador. The 1960s were a time of rapid import substitution-based industrialization, which was spurred forward by the expansion of the domestic market through the creation of the Central American Common Market (CACM). During this period, institutions devoted to the promotion and support of CACM-oriented industrial activities were founded and developed, and policies on trade, tariffs, the exchange rate and other matters were implemented that contributed to the import-substitution process. During the 1970s, the style of industrial development which had been adopted by the country began to exhibit a number of structural problems.

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