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

Industrial restructuring, trade liberalization and the role of the State in Central America

Industrial restructuring is a response of the industrial sector to a dynamic world. In open market economies, industries continuously adjust to technological change, to changes in fashion, and to changes in relative prices. It is a process that Schumpeter referred to as “creative destruction,” i.e. the replacement of outmoded products and production techniques with new products and techniques.

English Spanish

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