Minda, Alexandre and Bianconi, Renata (2014) Multinational firms, peripheral industrialisation and the recovery of national decision centres: the contribution of Celso Furtado. European Journal of the History of Economic Thought, 21 (2). pp. 304-341.

Abstract

This essay examines the contribution of Furtado to the understanding of the peripheral industrialisation process. His analysis of the role of industrialisation in the development policy of peripheral countries is based on criticism of the international division of labour that has been presented by CEPAL (Comisión Económica para América Latina). Furtado's study of the new dependence situations of the periphery is based mainly on the expansion of multinational firms, the vehicle of the global diffusion of the industrial civilisation. In order to escape industrialised underdevelopment, Furtado advocates recovering the national decision centres in order to better direct technology within the periphery.