The paper offers an historical account of the origins and development of the Latin American structuralist approach to the balance of payments between 1944 and 1964. We focus on the contributions by Raul Prebisch, Celso Furtado and Juan Noyola, all of them members of the United Nations Economic...

The paper investigates how the United Nations Economic Commission for Latin America (CEPAL) fits into the 1950s' international debate about investment criteria and choice of techniques in development planning. In some of their documents, CEPAL economists expressed a preference for projects with...