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Abstract
To a large part, Latin American economic thought is rooted in the view that the state should be the engine of economic development. The theory developed by the Latin American Structuralist School supports this view. ECLAC, a United Nations development commission, is the bastion for the policy agenda branch of structuralism. In spite of its central role in Latin America economic policies, structuralist ideas have hardly been discussed. We trace the historical origins of this school and use the theoretical standpoint of the Austrian School of Economics to talk about its ideas and mistakes.
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