On the article by Raúl Prebisch “Towards a theory of change”

In Latin America there is nothing new about the debate between those who advocate the optimal allocation of economic resources through the market mechanism and those who prescribe different degrees of State intervention to remedy alleged shortcomings in that allocating mechanism: “the invisible hand” versus “State control”. In recent years, the discussion has become fiercer and more polarized, perhaps owing to the ineffectiveness of several moderately reformist programmes tried out during the 1960s in the favourable conditions created by the so-called “Alliance for Progress”.