Development, distribution of income and foreign capital: a comment on ECLAC in the 1950s

Vol. 12 No. 4 (1992)

Oct-Dec / 1992
Published October 1, 1992
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Colistete, Renato Perim. 1992. “Development, Distribution of Income and Foreign Capital: A Comment on ECLAC in the 1950s”. Brazilian Journal of Political Economy 12 (4):491-501. https://doi.org/10.1590/0101-31571992-0605.

Development, distribution of income and foreign capital: a comment on ECLAC in the 1950s

Renato Perim Colistete
Departamento de Economia da Universidade Estadual Paulista – UNESP, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 12 No. 4 (1992), Oct-Dec / 1992, Pages 491-501

Abstract

This article discusses the ECLAC’s approach on the role of foreign capital in the
industrialisation of the Latin America during the fifties. The first section provides a synthesis
of Eclac’s vision on the structural changes in the main Latin American economies. The
second section shows how the international capital was understood by “cepalinos” thinkers
as an alternative way of financing development, in opposition to the radical schemes that
were proposed by the nationalists and the left. The concluding section summarizes the main
points of the paper.

JEL Classification: O40; B22.


Keywords: History of economic thought economic growth