External Vulnerability and Development Prebisch’s Contributions to Economic Thought

Martín Fiszbein ()
Additional contact information
Martín Fiszbein: Brown University

Ensayos Económicos, 2011, vol. 1, issue 63, 149-194

Abstract: This paper shows how the ideas of Raúl Prebisch, from his early analysis of the Argentine business cycle to his in-depth view of the structural conditioning factors of growth in peripheral countries, have been guided by comprehensiveness and historical perspective. These two principles have been combined in the conceptualization of the center-periphery system, which stands out as the cornerstone of his thought. When reconstructing his contributions, characterized by a remarkable continuity, some lesser-known concepts are highlighted, such as his explanation of how the gold standard operated and the anticipation of balance-of-payments-constrained growth models. In addition to being a milestone in the history of economic thought and an important reference for the economic history of Latin America, Prebisch’s work stands out for its current relevance.

Keywords: Argentina; balance-of-payments-constrained growth; business cycle; center-periphery system; economic development; Raúl Prebisch (search for similar items in EconPapers)
JEL-codes: B22 F32 F43 N16 O11 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bcra.gov.ar/pdfs/investigaciones/63_Fiszbein.pdf Spanish version (versión en Español) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcr:ensayo:v:1:y:2011:i:63:p:149-194

Access Statistics for this article

Ensayos Económicos is currently edited by Germán Feldman

More articles in Ensayos Económicos from Central Bank of Argentina, Economic Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Federico Grillo ().