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Raul Prebisch And The Current State Of Economic Development Of Guatemala

Author

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  • John Theodore

Abstract

The author in this article compares the economic development of the Republic of Guatemala from 1945 to 2015 against the theories of the economic development of Latin America as promulgated by the famous Argentinian economist, Raul Prebisch. The obstacles against economic development in Guatemala were social, political, commercial and industrial. Guatemala is still experiencing uncoordinated technological applications in the economy, anti-competitive practices are extant, and a small percentage of the entire population controls most of the land. However, positive changes have been taking place in society, politics, commerce and industry supporting the economic development of the country

Suggested Citation

  • John Theodore, 2019. "Raul Prebisch And The Current State Of Economic Development Of Guatemala," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 10(1), pages 45-52.
    • Handle: RePEc:ibf:rbfstu:v:10:y:2019:i:1:p:45-52
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    More about this item

    Keywords

    Raul Prebisch; Economic Development of Latin America; la Comisión Económica Para La América Latina y el Caribe (CEPAL); Centros Y Periferias /Centers and Peripheries; Native and Alien Technologies; Republic of Guatemala; Economic Development; Diseconomies of Scale; Economies of Scale; Agricultural Industries; Mining; Extraction of Raw Materials; Anti-Competitive Practices; Productive Employment; Underemployment;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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