218 pages | 18 B/W Illus.
The Global Political Economy of Raúl Prebisch offers an original analysis of global political economy by examining it through the ideas, agency and influence of one of its most important thinkers, leaders and personalities. Prebisch’s ground-breaking ideas as an economist – the terms-of-trade thesis and the economic case for state-led industrialization – changed the world and guided economic policy across the global South. As the head of two UN bodies – the Economic Commission for Latin America and the Caribbean (ECLAC) and later the United Nations Conference on Trade and Development (UNCTAD) – he was at the frontline of key North–South political struggles for a fairer global distribution of wealth and the regulation of transnational corporations.
Prebisch increasingly came to view political power, not just economic capabilities, as pivotal to shaping the institutions and rules of the world economy. This book contextualizes his ideas, exploring how they were used and their relevance to contemporary issues. The neoliberal turn in economics in North America, Western Europe and across the global South led to an active discrediting of Prebisch’s theories and this volume offers an important corrective, reintroducing current and future generations of scholars and students to this important body of work and allowing a richer understanding of past and ongoing political struggles.
This is a terrific volume which contributes to a much-needed movement away from the dominant intellectual histories of global political economy and their ‘peripheralising’ of non-English-speaking and non-Western thinking and thinkers. But it also develops an important and thought-provoking reflection on what taking this step means for the field itself, in expanding its theoretical and analytical horizons, and defining – or redefining – its subject matter. A top-notch collection that is essential reading for us all. - Nicola Phillips, University of Sheffield, UK
More than a half-century after the first United Nations Conference on Trade and Development (UNCTAD), organized by Raúl Prebisch, his work on development and the challenges faced by centre and peripheral economies is more relevant and alive than ever. Matias Margulis’s edited volume underlines how, as we struggle again with the failure of mainstream macroeconomic theory to explain and deal with the pervasive negative social and economic impacts of global crises, Prebisch’s insights help us to examine in a critical light the false premises of mainstream economists and propose more effective ways to cope with the current challenges. - Rubens Ricupero, Fifth Secretary General of UNCTAD (1995–2004) and former Minister of Finance, Brazil
This volume is a powerful reminder that many crucial ideas and approaches in building the contemporary world order came from the Global South, but are shamefully ignored in the mainstream accounts. By offering a sophisticated and wide-ranging analysis of Raul Prebisch’s ideas and practical contributions, the contributors to this volume significantly advance the study of Global Political Economy and Global International Relations. - Amitav Acharya, American University, US
Matias Margulis has put together thought provoking perspectives on the momentous contributions of Raúl Prebisch, a critical, innovative theorist of the global political economy and an actor in global economic governance. He has been erased, or as this book claims peripheralised, as a by-product of neoliberalism. This book is not only a timely rescue but also as a fascinating contribution to understand the roots of our current era of turbulent global change. - Diana Tussie, Facultad Latinoamericana de Ciencias Sociales, Argentina
List of figures
List of tables
Notes on contributors
Foreword by Edgar J. Dosman
List of abbreviations
Introduction: the global political economy of Raúl Prebisch
Prebisch as architect and theorist of the global political economy
1 Development through tighter economic integration: how might Prebisch size up some trends and issues thus far into the twenty-first century?
P. Sai-wing Ho
2 Thinking globally from the periphery: Raúl Prebisch and the world system
Andrés Rivarola Puntigliano
3 Raúl Prebisch and the theory of regional economic integration
José Briceño Ruiz
4 The Latin American origins of Bretton Woods
Power and resistance in the global political economy
5 Raúl Prebisch and the historical roots of the current movement against corporate-led globalisation
Robin Broad and Zahara Heckscher
6 From Palais de Nations to Centre William Rappard: Raúl Prebisch and UNCTAD as sources of ideas in the GATT/WTO
Erin Hannah and James Scott
7 The West remains on top, economically and politically
Robert H. Wade
Diagnosing structural change in the global political economy
8 A changing role for agriculture in global political economy? Brazil’s rise as an agro-power
9 Back to the future reloaded: Latin America’s development strategy during the commodity boom
Esteban Pérez Caldentey and Matías Vernengo
10 Rául Prebisch and the terms of trade: how things have changed….
Raphael Kaplinsky and Masuma Farooki
For almost two decades now, the RIPE Series published by Routledge has been an essential forum for cutting-edge scholarship in International Political Economy. The series brings together new and established scholars working in critical, cultural and constructivist political economy. Books in the RIPE Series typically combine an innovative contribution to theoretical debates with rigorous empirical analysis.
The RIPE Series seeks to cultivate:
James Brassett – Warwick
Eleni Tsingou – Copenhagen Business School
Susanne Soederberg – Queen’s