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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

The devious maze of the international order the importation of reforms

This paper seeks to make a historical review of the models which have guided the international economic order since the last century: how and why they evolved until bipolarism spilled over into international relations and the neoliberal ideology took root. It also examines the adjustments that the countries on the periphery have made in order to adapt to these models. In Latin America, the abrupt opening of frontiers and the abolition of protectionism, but without an appropriate institutional framework, have given rise to lower economic development, deterioration in the social field, and the discrediting of democracy. This analysis, when applied to specific changes which have taken place in the models adopted and the way they have been implemented in the region, reveals their relative degrees of validity and the existence of considerable areas of leeway which have so far been insufficiently exploited.

English Spanish

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