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Economic Development from the Eclac- Raul Prebisch Approach: In Search of Welfare and Life Quality in Latin Amercia


  • Oscar Andrés Espinosa Acuña


  • Paola Andrea Vaca González


This study presents an analysis of the theory of economic development, from the perspective of ECLAC and Raul Prebisch, in their search for a better standard of living for Latin America, in the context of the combination of internal and external forces whose interaction explains the structural boundaries that makes difficult the achievement of having a decent quality of life and a gradual improvement of its quality for developing countries. That is why this paper will study ways of accomplishing key objectives by considering topics such as World Trade, International Cooperation, Technical Progress and the relation between Government - Market, with the aim of achieving higher standards of living among the population and consequently sustainable development in the long term that will provide better conditions of life for the developing countries.

Suggested Citation

  • Oscar Andrés Espinosa Acuña & Paola Andrea Vaca González, 2011. "Economic Development from the Eclac- Raul Prebisch Approach: In Search of Welfare and Life Quality in Latin Amercia," ECONOGRAFOS - ESCUELA DE ECONOMÍA 009933, UN - RCE - CID.
  • Handle: RePEc:col:000176:009933

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    References listed on IDEAS

    1. Lawrence R. Klein, 1947. "Theories of Effective Demand and Employment," Journal of Political Economy, University of Chicago Press, vol. 55, pages 108-108.
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    More about this item


    Economic Development; ECLAC; Raúl Prebisch; Latin America; foreign trade; international cooperation; technical progress; State - Market.;

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology


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