393:, building up trade between peripheral countries. Increasingly he stressed the extent to which developing countries had to bring growth by internal reforms rather than through external help. He publicly condemned ISI as having failed to bring proper development. Prebisch found his years at UNCTAD frustrating and "sterile" as it became increasingly bureaucratic and failed to achieve its main objectives. His sudden resignation in 1969 signified his loss of patience with the organisation's failures.
322:, marking the creation of a new school of economic thought in the late 1940s. Prebisch separated out the purely theoretical aspects of economics from the actual practice of trade and the power structures that underlie trading institutions and agreements. His resulting division of the world into the economic "centre", consisting of industrialised nations such as the U.S., and the "periphery", consisting of primary producers, remains used to this day. As president of the
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export to the center, and the centre produces secondary goods for export to the periphery. According to the hypothesis, as technology improves, the centre is able to retain the savings made, since it can retain higher wages and profits through developed unions and commercial institutions. At the periphery, companies and workers are weaker, and have to pass on technical savings to their customers in the form of lower prices. Prebisch pointed to the decline in the
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had separately arrived at a similar conclusion as
Prebisch at roughly the same time, although his paper used a more empirical approach based on analysis of world trade statistics. The hypothesis begins with the observation that in the present world system the periphery produces primary goods to
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he had noticed that during the Great
Depression the prices of primary products, such as agricultural goods, fell much more than the prices of manufactured secondary products. However, he and his colleagues were unable to specify the exact mechanism for the difference, beyond hypothesizing that
367:(ISI), in which a nation progressively changes its imports and internal production, focusing on industrialization, at the cost of imported "superfluous" goods in favor of capital and intermediate goods for a given period of time, Prebisch criticized protectionism, especially that practiced by
389:(UNCTAD). Selected for his unparalleled reputation, he tried to forge UNCTAD into a body advocating the case of the whole developing world. His approach to development took a more trade-focused approach, advocating preferential access to the markets of developed countries and
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between industrialised and non-industrialised countries, which meant peripheral nations had to export more to get the same value of industrial imports. Through this system, all of the benefits of technology and international trade would accrue to the centre.
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supply conditions of primary and secondary goods were different in that while farmers planted the same amount every year regardless of the price they would get, manufacturers were able to reduce or increase capacity to respond to expected changes in demand.
409:, in which economic development of the periphery is seen as a nearly impossible task. While dependency theory was the polar opposite of Prebisch and ECLA's original purpose, he continued to criticize the
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294:. His previous beliefs had been supported by the spectacular economic growth of Argentina from the 1860s to 1920s as the country exported a large amount of beef and wheat to the
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in
Argentina, since 1956 and ISI since at least 1963. He advocated industrialization and economic cooperation, including through trade, among developing countries.
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Global capitalism, liberation theology, and the social sciences: An analysis of the contradictions of modernity at the turn of the millennium
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231:(April 17, 1901 – April 29, 1986) was an Argentine economist known for his contributions to
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Executive
Secretaries of the United Nations Economic Commission for Latin America and the Caribbean
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Love, Joseph L. (1980). "Raúl
Prebisch and the Origins of the Doctrine of Unequal Exchange".
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However, these ideas remained unformed until he was appointed executive director of the
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647:, ed. Berkeley and Los Angeles: University of California Press 1994, pp. 89–108.
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Bibi, Samuele (2024). Prebisch and the terms of trade. Resources Policy, 90, 104813.
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Fitzgerald, E.V.K. "ECLA and the
Formation of Latin American Economic Doctrine" in
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282:. As a young man his writing was marked by a complete adherence to the idea of
247:(ECLA or CEPAL) in 1950. In 1950, he also released the very influential study
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Flechsig, Steffen (1999), "Raul
Prebisch's Contribution to a Humane World" in
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Prebisch, Raúl (1959). "Commercial Policy in the
Underdeveloped Countries".
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405:(ECLA) developed an extension of Prebisch's thoughts on structuralism into
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Raúl
Prebisch and the challenges of development of the XXI century Website
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Between 1964 and 1969, he served as the founding secretary-general of the
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William J. Barber (December 1995). "Chile Con
Chicago: A Review Essay".
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United Nations Economic Commission for Latin America and the Caribbean
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The plight of Argentina forced Prebisch to reexamine the principle of
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The Economic Development of Latin America and Its Principal Problems
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The Economic Development of Latin America and its Principal Problems
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The Economic Development of Latin America and its Principal Problems
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activism in the UN, giving birth to the Latin American school of
377:(ISS) awarded its Honorary Fellowship to Raúl Prebisch in 1977.
734:"The origins and interpretation of the Prebisch-Singer thesis"
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Raúl Prebisch: Power, Principle, and the Ethics of Development
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Raúl Prebisch: Power, Principle, and the Ethics of Development
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regime, economic thought in the country, particularly the
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Due to Prebisch's influence the ECLA became the center of
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Dependency theory: the truth behind capitalist expansion?
654:(Andreas Mueller, Arno Tausch, and Paul Zulehner (Eds.),
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Profile at The International Institute of Social Studies
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Latin America in the 1940s: War and Postwar Transitions
363:. While many scholars perceive Prebisch as supporting
334:(ECLA or CEPAL) in 1950. In 1950, he released a study
49:. Unsourced material may be challenged and removed.
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462:Change and Development: Latin America's Great Task
387:United Nations Conference on Trade and Development
722:Raúl Prebisch and the Limits of Industrialization
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551:https://doi.org/10.1016/J.RESOURPOL.2024.104813
413:that he felt were victimizing the global poor.
622:The Life and Times of Raúl Prebisch, 1901–1986
564:The Life and Times of Raul Prebisch, 1901–1986
678:The Global Political Economy of Raúl Prebisch
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375:The International Institute of Social Studies
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525:Cypher, James M.; Dietz, James L. (2009).
302:and the growing economic dominance of the
243:. He became the executive director of the
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109:Learn how and when to remove this message
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696:Raúl Prebisch; David H. Pollock (2006).
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421:Prior to the takeover of Chile by the
805:Raúl Prebisch: Latin America's Keynes
477:Import substitution industrialization
365:import substitution industrialization
338:that stated what is now known as the
332:Economic Commission for Latin America
286:but in the 1930s, as a result of the
274:, where he later taught. His brother
245:Economic Commission for Latin America
239:, which formed the basis of economic
675:Matias E. Margulis (16 March 2017).
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529:. London & New York: Routledge.
401:During the 1960s, economists at the
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47:adding citations to reliable sources
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527:The process of economic development
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883:Argentine people of German descent
732:Toye, John; Toye, Richard (2003).
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465:. Inter-American Development Bank.
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888:20th-century Argentine economists
873:University of Buenos Aires alumni
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455:(New York: United Nations, 1950)
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625:. McGill-Queen's Press – MQUP.
34:needs additional citations for
16:Argentine economist (1901–1986)
664:Latin American Research Review
658:, Hauppauge, Commack, New York
579:Journal of Economic Literature
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429:, was dominated by his ideas.
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787:A Professional Life Narrative
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411:neo-classical economic forces
878:People from Tucumán Province
741:History of Political Economy
298:. However, by the 1930s the
272:Faculty of Economic Sciences
267:settlers and studied at the
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340:Prebisch–Singer hypothesis
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562:Dosman, Edgar J. (2008).
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459:Raúl Prebisch (1970).
217:Singer–Prebisch thesis
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185:Development economics
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863:Dependency theorists
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342:. German economist
310:Centre and periphery
278:became a well-known
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427:University of Chile
290:he "converted" to
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41:Please help
36:verification
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853:1986 deaths
848:1901 births
762:10036/25832
357:Third World
344:Hans Singer
255:Early years
147:, Argentina
842:Categories
645:David Rock
503:References
497:Fair trade
487:Samir Amin
447:: 251–273.
369:Juan Perón
284:free-trade
137:1901-04-17
69:newspapers
587:CiteSeerX
280:architect
193:tradition
771:28151403
720:(2006),
670:: 45–72.
471:See also
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261:Tucumán
166:, Chile
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