Table Of ContentPeripheral Visions of Economic
Development
This book explores peripheral visions on economic development, both in the
sense that it deals with specific issues of economic development and underdevel-
opment in countries at the periphery of the world economy, and in terms of its
exploration of the economic thinking developed in those regions, particularly in
Latin America. Bringing together an international group of historians of thought,
economic historians and development economists from Latin America, Europe
and other parts of the world, this volume is highly credited and is an excellent
contribution to development studies.
This book is divided into four parts. Following the introduction, Part I
describes the evolution of core-p eriphery perspectives in key contributions by
Raúl Prebisch, Oskar Lange, Albert Hirschman, Celso Furtado and Homero
Cuevas. Part II discusses the links between unbalanced productive structures and
external trade in peripheral countries. Part III contains chapters on critical epi-
sodes in the development of monetary and financial systems in Latin America
during the nineteenth and twentieth centuries. Part IV deals with geographical
and institutional aspects of path dependence in the governance of external trade
and in the development of liberties, property rights and economic education in
Europe, Latin America and Africa. Several chapters make use of hitherto unex-
plored archival material. Other chapters draw attention to important episodes or
literatures that have largely gone unnoticed in the English- speaking world. Yet
others combine conceptual innovations with work on new historical data and
other sources hitherto not utilized in such contexts.
This book is ideal for those who study and research development economics,
history of economic thought and economic history, especially in Latin America.
Mario Garcia-M olina is Professor of Economics at the Universidad Nacional
de Colombia, Colombia.
Hans- Michael Trautwein is Professor of International Economics at the Uni-
versity of Oldenburg, Germany.
Routledge studies in development economics
For a complete list of titles in this series, please visit www.routledge.com.
93 Business Regulation and 99 State–Business Relations and
Non- State Actors Economic Development in
Whose standards? Whose Africa and India
development? Edited by Kunal Sen
Edited by Darryl Reed,
100 Digital Interactions in
Peter Utting and
Developing Countries
Ananya Mukherjee-R eed
An economic perspective
94 Public Expenditures for Jeffrey James
Agricultural and Rural
101 Migration and Inequality
Development in Africa
Edited by Tanja Bastia
Edited by Tewodaj Mogues and
Samuel Benin 102 Financing Regional Growth
and the Inter- American
95 The Global Economic Crisis
Development Bank
and the Developing World
The case of Argentina
Implications and prospects for
Ernesto Vivares
recovery and growth
Edited by Ashwini Deshpande 103 Globalization and Development
and Keith Nurse Rethinking interventions and
governance
96 The Microfinance Impact
Edited by Arne Bigsten
Ranjula Bali Swain
104 Disasters and the Networked
97 Gendered Insecurities, Health Economy
and Development in Africa J.M. Albala-B ertrand
Edited by Howard Stein and
105 Microfinance, Debt and
Amal Hassan Fadlalla
Over- Indebtedness
98 Financial Cooperatives and Juggling with money
Local Development Edited by Isabelle Guérin,
Edited by Silvio Goglio and Solène Morvant-R oux and
Yiorgos Alexopoulos Magdalena Villarreal
106 The Universal Social Safety-N et 113 African Industrial
and the Attack on World Poverty Development and European
Pressing need, manageable cost, Union Cooperation
practical possibilities, favourable Prospects for a reengineered
spillovers partnership
Anthony Clunies-R oss and Francis A.S.T. Matambalya
Mozammel Huq
114 Developmental
107 Youth and Employment in
Macroeconomics
Sub-S aharan Africa
New developmentalism as a
Working but poor
growth strategy
Edited by Hiroyuki Hino and
Luiz Carlos Bresser- Pereira,
Gustav Ranis
José Luis Oreiro and
108 Financial Stability and Growth Nelson Marconi
Perspectives on financial
regulation and new 115 Industrial Innovation,
developmentalism Networks and Economic
Edited by Development
Luiz Carlos Bresser-P ereira, Informal information sharing in
Jan Kregel and low- technology clusters in India
Leonardo Burlamaqui Anant Kamath
109 A History of Development
116 Employment and Inclusive
Economics Thought
Development
Challenges and counter-c hallenges
Rizwanul Islam and
Shahrukh Rafi Khan
Iyanatul Islam
110 Economic Complexity and
Human Development 117 Growth and Institutions in
How economic diversification African Development
and social networks affect human Edited by Augustin K. Fosu
agency and welfare
Dominik Hartmann 118 Public Finance and Economic
Growth in Developing
111 Building Businesses in Emerging
Countries
and Developing Countries
Lessons from Ethiopia’s reforms
Challenges and opportunities
Stephen B. Peterson
Edited by Elie Chrysostome and
Rick Molz
119 Peripheral Visions of Economic
112 The Informal Economy in Development
Developing Countries New frontiers in development
Edited by Jean-P ierre Cling, economics and the history of
Stéphane Lagrée, economic thought
Mireille Razafindrakoto and Edited by Mario Garcia-M olina
François Roubaud and Hans- Michael Trautwein
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Peripheral Visions of
Economic Development
New frontiers in development economics
and the history of economic thought
Edited by
Mario Garcia-M olina and
Hans- Michael Trautwein
First published 2016
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
and by Routledge
711 Third Avenue, New York, NY 10017
Routledge is an imprint of the Taylor & Francis Group, an informa business
© 2016 selection and editorial matter, Mario Garcia-M olina and
Hans- Michael Trautwein; individual chapters, the contributors
The right of the editors to be identified as the author of the editorial matter,
and of the authors for their individual chapters, has been asserted in
accordance with sections 77 and 78 of the Copyright, Designs and Patents
Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or
utilized in any form or by any electronic, mechanical, or other means, now
known or hereafter invented, including photocopying and recording, or in
any information storage or retrieval system, without permission in writing
from the publishers.
Trademark notice: Product or corporate names may be trademarks or
registered trademarks, and are used only for identification and explanation
without intent to infringe.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging-in-Publication Data
Peripheral visions of economic development : new frontiers in
development economics and the history of economic thought / edited by
Mario Garcia-Molina and Hans-Michael Traut.
pages cm
1. Economic development–Developing countries. 2. Economic history.
3. International cooperation. I. Garcia Molina, Mario, editor. II. Traut,
Hans-Michael, editor.
HC59.7.P456 2015
338.9–dc23 2015018320
ISBN: 978-1-138-90922-9 (hbk)
ISBN: 978-1-315-69409-2 (ebk)
Typeset in Times New Roman
by Wearset Ltd, Boldon, Tyne and Wear
Contents
List of figures x
List of tables xi
Notes on contributors xii
1 Introduction 1
MARIO GARCIA- MOLINA AND HANS- MICHAEL TRAUTWEIN
PArT I
Core and periphery 13
2 Core and periphery in the early Cold War: a historical
analysis of development theory 15
NATáLIA BRACARENSE
3 Anarchic accumulation, un-e ffective demand and
institutional constraints: Oskar Lange’s critique of capitalist
dynamics in the core and the periphery 47
ROBERTO LAMPA
4 Development economics today: insights from Hirschman
and Furtado 61
DAVIDE GUALERzI AND ALAN CIBILS
5 Classical thought from the periphery: Homero Cuevas on
non- basic goods and the standard commodity 76
MARIO GARCIA- MOLINA AND JULIáN LIBREROS
viii Contents
PArT II
Productive structures and external trade 91
6 Free trade and protectionism in primary export economies 93
PIER LUIGI PORTA
7 CEPAL and the balance of payments constraint in the 1950s 108
MAURO BOIANOVSkY AND RICARDO SOLíS
8 The unbalanced productive structure: a reconstruction of
Marcelo Diamand’s contributions to economic theory 126
ARIEL DVOSkIN AND GERMáN DAVID FELDMAN
9 A reinterpretation of the ‘unbalanced productive structures’ 138
EDUARDO CRESPO AND ANDRéS LAzzARINI
PArT III
Money and finance 157
10 Nineteenth century monetary utopias in Latin America:
the influence of French liberalism on the Colombian free
banking experiment 159
ANDRéS áLVAREz
11 Distributive conflict and monetary institutions in peripheral
economies: the Argentine experience with the Exchange
Office of 1867 173
GERMáN DAVID FELDMAN
12 The Gold- Exchange Standard in practice: banking devices
and international monetary relations, 1890–1914 188
EUGENIA DINIVITzER
13 The BIS and the Latin American debt crisis of the 1980s 203
PIET CLEMENT AND IVO MAES
PArT IV
Geography and institutions 229
14 Trade and colonization: the development of economic
thought about two types of transnational governance 231
HANS-MICHAEL TRAUTWEIN
Contents ix
15 Struggling for institutional change: merchant guilds,
trans-i mperial entangled policies and Spanish
backwardness: Havana in Atlantic perspective, 1792 267
JESúS BOHORqUEz
16 The teaching of political economy, circulation of ideas and
economic performance: a review of the Colombian
experience in the nineteenth century 286
CLAUDIA MILENA PICO
17 Path dependence and interdependence in institutions:
the Nigerian case 306
DAVID FADIRAN AND MARE SARR
Index 337
