An assessment of the structuralist paradigm for Latin American development and the prospects for its renovation

The promotion of export-led development is usually accom panied by strong criticism of the modalities assumed by im port-substitution industrialization (ISI) in Latin America, The premise underlying the criticism reveled at ISI by the neoliberal school is that these modalities have conformed more or less closely to the theoretical recommendations of ECLAC and the structuralist approach deriving therefrom.