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

Markets and the State in the evolution of the ‘Prebisch manifesto’

When Raúl Prebisch died in 1986 his ideas were out of fashion in Ronald Reagan’s Washington and Latin American capitals, dismissed by most Western economists as passé -or even dangerously misguided in the new crusade for globalization. Only United Nations circles and a narrowing band of supporters insisted on his permanent contribution. It was as if his life had merely reflected the turbulence of the “short, violent century” (as Hobsbawn termed it); now that it was over, with the Cold War consigned to history, so too (it appeared) was Prebisch’s legacy.

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