The capitalist world system is ordered from its political economic centres. Its structure and dynamics have, above all else, been analyzed, exposed and transformed from latin america. This interview is about the united nations, sepal, la commicion economica para Americana latina el caribe. Sepal was an institution that gathered economists from across latin America in santiago, chile. They developed conceptual work for understanding the world economy as a set of unequally structured relationships between primary commodity exporting nations on the periphery and finished goods manufactures in the global centre. The challenge was to overcome the development paradox. The periphery needed more trade and aid.
Historian Margarita Fajardo on her book The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era. Fajardo discusses the Latin American economists at the Economic Commission for Latin America and the Caribbean (CEPAL) who conceptualized the division of the global economy between center and periphery, and how that later gave rise to dependency theory and world systems theory. Plus Cuban Revolution and the Alliance for Progress, Allende's democratic road to socialism and right-wing coups in Chile and Brazil—and more.
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