Please take me off this list. I dont have time, though I am sure it is
interesting
Margaret
----- Original Message -----
From: "C Ruiz" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Friday, March 17, 2006 4:21 AM
Subject: Re: [PEN-L] Thought on Economic Development?


In a message dated 3/16/2006 6:33:55 P.M.  Eastern Standard Time,
[EMAIL PROTECTED] writes:
In light of our  discussion about Venezuela, I wonder if we could give
consider the situation of  economies without such a rich resource base,
such as
Venezuela's oil economy  .Perhaps, a Bolivia or an Ecuador, where popular
mass
movements are
demanding  changes.
Actually both countries have rich resources:Bolivia rich in  natural gas
and
Ecuador in oil. Popular Indigenous movements are trying to  reclaim
possession
and voice in the distribution of export gains.
In what  respect to theory, "extensive thought to economic development" of
an
original  and brilliant kind was created by the now  much ignored UN's
Economic  Commission for Latin America (ECLA) which was based in Santiago
and
directed by  Raul Prebish in the late 40's. Deep thinkers such as Anibal
Pinto,
Oswaldo  Sunkel and Pedro Vuscovic, among many others, produced very rich
studies
in  theory and policy covering exactly situations such as the ones
experienced
by  Venezuela ,Bolivia and Ecuador today. Their work on the Import
Substitution  strategy of development was certainly path breaking and , of
course, still
available but it is a shame that is virtually ignored by American economic
departments and by both the left and the right.
Cristobal Senior-Ruiz


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