Sebelinos believed that the solution to this entrenched structural disadvantage for peripheral economies was to be found in a combination of trade and aid with the centre. So as to why, what was the role oftrade and aid in the development paradox? And the then what roll did aid play in that vision for breaking out of the development Paradox?
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.
Support The Dig at Patreon.com/TheDig