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Currie and ECLAC. An Approaching to Development Theory

Author

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  • Camila Franco Restrepo
  • Carlos Alberto Ruiz Martínez

Abstract

The main purpose of this paper is to stress the need for developing theoretical framework which involves the characteristics of the model presented by the Colombian-Canadian economist Lauchlin Currie along with the ECLA’s ideas, particularly those developed by Raul Prebisch. Those elements let to establish a differential analysis that synthesized in a proposal emphasized in: the role of economic structures within the policy recommendations, including leading sectors to enable the economic transformation and defining growth as a selfgenerating process that encourages innovation and institutional renovation. The paper shows a historical characterization of Colombian economy within ECLAC and Currie framework to compare the practical and theoretical view and the possible failures with their applications. Finally, this paper wants to vindicate the role of this brilliant economist whose ideas have been latent in new proposals but are not recognized as part of his theoretical work. It is also an incentive for developing a research project to find a macroeconomic theory for school ECLAC.

Suggested Citation

  • Camila Franco Restrepo & Carlos Alberto Ruiz Martínez, 2013. "Currie and ECLAC. An Approaching to Development Theory," Econógrafos, Escuela de Economía 12799, Universidad Nacional de Colombia, FCE, CID.
    • Handle: RePEc:col:000176:012799
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    File URL: http://fce.unal.edu.co/centro-editorial/docs/econografos-escuela-economia/45-currie-and-eclac-an-approaching-to-development-theory
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    More about this item

    Keywords

    Developing countries; ECLAC; Currie.;
    All these keywords.

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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