The Argument
ECLAC's annual calendar reflects multiple meetings, lectures, educational workshops, conferences, seminars, and training sessions. Nowhere is there found a work initiative, a concerted on-site initiative or focused fund raiser, or any effort of measurable practicality.
According to the ECLAC mandate,
The Economic Commission for Latin America and the Caribbean (ECLAC):
a) Provides substantive secretariat services and documentation for the Commission and its subsidiary bodies;
b) Undertakes studies, research and other support activities within the terms of reference of the Commission;
Promotes economic and social development through regional and subregional cooperation and integration;
d) Gathers, organizes, interprets and disseminates information and data relating to the economic and social development of the region;
e) Provides advisory services to Governments at their request and plans, organizes and executes programmes of technical cooperation;
f) Formulates and promotes development cooperation activities and projects of regional and subregional scope commensurate with the needs and priorities of the region and acts as an executing agency for such projects;
g) Organizes conferences and intergovernmental and expert group meetings and sponsors training workshops, symposia and seminars;
h) Assists in bringing a regional perspective to global problems and forums and introduces global concerns at the regional and subregional levels;
i) Coordinates ECLAC activities with those of the major departments and offices at United Nations Headquarters, specialized agencies and intergovernmental organizations with a view to avoiding duplication and ensuring complementarity in the exchange of information.
Clearly, ECLAC meets seven of the mandate's objectives: a, b, d, e, g, h, and I; for a project funded with $90 million from United Nation's coffers - which translates into American tax dollars - this may appear to be a great deal of accomplishment.
Not so. Some of the key initiatives to this program are the remaining mandates: to actively undertake support activities, and "formulate and promote development cooperation activities and projects of regional and subregional scope commensurate with the needs and priorities of the region and acts as an executing agency for such projects."
Reasons for Failure
Why are these charter initiatives not being conducted? In a scathing commentary on the failure of Latin American economic reforms, Joseph Stiglitz, Nobel economics laureate and professor at Columbia University cites the "Washington Consensus policies of deregulation, privatization and liberalization of trade and capital flows promoted and pushed by the International Monetary Fund and its economists while often ignoring the roles of the market and the government, even under U.S.-style capitalism" as a primary problem.
Professor Stiglitz goes on to highlight the focused efforts of Raul Prebisch Executive Director of ECLAC from 1950 to 1963. Prebisch was concerned with the plight of Latin America, and to his worries about declining commodity prices several more have to be added, Stiglitz said.
According to Stiglitz, market tyranny, the unconscious perpetuation of poverty, and pro-cyclical reforms all contribute to a need for "those disenfranchised in the past... demanding a voice. The electoral democracies of the past have not improved their plight. That is what they know... [and] these are the failures of the reform process that have to be confronted."
Raul Prebisch and His Vision for ECLAC
Raul Prebisch -- credited with developing the 'dependency' thesis of economic development theory -- argued that Third World countries had not benefited from the "colonial enterprise and international trade" vision espoused by earlier economic theorists.
Forcing a dependent relationship upon underdeveloped countries, Prebisch worked against the 'center-periphery' relationship he saw emerging from the pseudo goodwill of major world powers of his day. According to Prebisch's argument, by encouraging Third World countries to produce the materials...
Yet, what is important to accomplish at this stage is the presentation of the direct effects of the foreign direct investments. If these impacts materialize in growths of the Panamanian economy, it will be safe to conclude that the country reveals an efficient bi-direction foreign direct investment system. In this order of ideas, the following lines reveal some of the most notable impacts of FDIs onto Panama's socio-economic status
U.S. and Latin American Relation: A review US and Latin American Relations: A Review US and Latin American Relations Review of U.S.-Latin America Relations: A New Direction for a New Reality, by Charlene Barshefsky and James T. Hill (2008), Council on Foreign Relations, Inc. Thesis of the supporting points of the article This article takes into account the current state of affairs in Latin America along with the opportunities and challenges that govern the relations
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Income Disparity and Development in Latin American Countries The income disparity in the Latin American countries is the largest in the world and has a dramatic and complex impact on the development of these countries on many related levels. As one commentator states, "Inequality is as Latin American as good dance music and magical-realist fiction. Like those other regional products, it thrives." (Inequality in Latin America. A stubborn curse.) Statistics from the
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