 Renovar nuestras ideas: ¡un imperativo!Raúl Prebisch Lecturas de Economía, 1986, issue 20, 129-137 Abstract: The problems which face Latin America and the Caribbean are both many and dramatic. To confront those problems it is necessary to reconsider and redevelop our ideas about them. This article is in this reformist tradition. It suggests that the tendency amongst the upper strata of Latin society to follow a consumption pattern typical of core countries occurs at the cost of accumulation of capital, and tends to impose new patterns of both public and private consumption in excess of the growth of productivity. In turn this is a root cause of an inflation which is beyond the power of traditional monetary policy to restrict. The problem of the external debt is then argued to be the product of politics. It does not emerge as a consequence of a policy of import substitution or of inadequate export promotion but more fundamentally as a result of the receptive capacity of core countries. Finally there exist problems which can only be resolved as part of major international currency reform. To achieve this like many of other required reforms there must be an open dialogue, without conceived ideas, between North and South. Keywords: Política monetaria; deuda externa; América Latina (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:1986:i:20:p:129-137 Ordering information: This journal article can be ordered from Access Statistics for this article Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC. |
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