Word: prebisch
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Dates: during 1960-1969
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...longer term, Balogh believes that many underdeveloped nations are so backward and Balkanized that their best hope lies in banding into regional common markets, such as the Latin American Free Trade Association conceived by his ally, Argentina's Raul Prebisch. Richer nations should not only greatly increase their foreign aid, but also channel it through an international organization and budget it on a long-term basis. To accomplish this, the world needs a major reform of its monetary system so that generous nations-notably the U.S.-would not be penalized by balance-of-payments deficits as a result...
...Raul Prebisch, Secretary-General of the United Nations Conference on Trade and Development, will discuss "The Impact of Technological Progress on Developing Countries" at 4:30 p.m. today in Littauer Auditorium...
...single world currency. France's Robert Marjolin, first vice president of the Common Market, is also pressing for the "Marjolin Plan" that would unite nearly all the Six's fiscal and monetary policies in a super federal-reserve system. Argentina's Raúl Prebisch, who initiated and negotiated the Latin American Free Trade Association, was also the prime mover of the recent U.N. Conference on Trade and Development, is favored to become head of the ambitious global trade organization that grew out of that meeting. True, neither LAFTA nor the U.N. conference has accomplished much...
...resolutions meant little without the backing of the industrial nations that carry on 80% of the world's trade. Working against the June 15 adjournment deadline, the conference's president, Egypt's Deputy Premier Abdel Moneim El-kaissouni, and secretary general, Argentine Economist Raul Prebisch, used their skills as suave fixers ,to salvage some things. The industrial nations' delegates made several soft compromises. By supporting proposals to reconvene the trade meeting every three years and to set up a small secretariat at Geneva, they moved toward creating what someday could become a new trading organization...
Flexible & Unorthodox. Many of these ideas stem from Prebisch, whose critics call him a statist-although he refuses to be typed. "Save the world from economists," he says. "Experts cannot run the world." But Prebisch has spent 30 years trying to change a good part of the world through his flexibly unorthodox theories. In his early days, Prebisch fastened on to the conservative doctrines of the classical economists...