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 ongoing history of a Chilean metal products and machinery firm

Processes of adjustm ent and restructuring of the production sectors to a new system of macroeconom ic incentives are slow, costly and more inefficient than conventional microeconomic theory would lead one to suppose. In this article, the authors explore the process of the restructuring of production of a Chilean metal products and machinery company and the way it gradually modified its operations from the 1970s onw ards, adapting them to new macroeconomic and mesoeconomic signals. As is well known, in the last two decades the system of incentives and the regulatory framework for production activities in Chile have undergone profound changes, gradually moving -with advances but also setbacks-tow ards an organizational model more open to external competition, more deregulated, and with less public sector participation in the field of production proper.

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