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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

Planning and the market during the next ten years in Latin America

The issue of the relationship between planning and the market has given rise to fruitless theoretical contention over the relative merits of central planning versus a laissez-faire market. At the practical level, this disagreement has manifested itself in sharp swings in policy, which at times have favoured State intervention while mistrusting private enterprise, and at other times have curtailed State action on the grounds that it is inherently ineffective and inappropriate. The author argues that one of the major lessons to be learned from the region’s postwar economic experiences is that a correct balance must be struck between the market and State action on the basis of an objective analysis of the strong and weak points of each.

English Spanish

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