The new institutional economics critique on ECLA thought: the institutional dimension and the role of ideology in … ECLA (or Cepal) explanation of Latin America economic underdevelopment. We shall argue that the cepalista approach neither … that such criticism is misplaced, we shall also emphasize the viability of a common research agenda between ECLA school and …

for Latin America (ECLA), interpreted the industrialization crisis experienced by many Latin American countries beginning … variables that played a significant role in shaping the crisis. The ideas of the two authors are compared, and ECLA´s criticism …