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.

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Prebisch: The continuing validity of his basic ideas

Prebisch’s analytical contributions, which are particularly valuable and numerous in the fields of development theory and policy, have sometimes been called “pre-economics”. This term is used to denote those points of view which seem to be based on and justified by common sense -for example, the desirability of industrialization and of the application of protection in order to achieve this- but which are at variance with conclusions backed up by economic science.

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