Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?
Correct answer: C. long-run institutional and structural economic change
- A. contractionary monetary and fiscal policies
- B. currency devaluation
- C. long-run institutional and structural economic change
- D. short term-adjustment with a human face
Explanation
ECLA structuralists argued that underdevelopment arose from deep structural and institutional weaknesses, not merely short-term monetary problems. Their solution therefore emphasized long-run economic transformation.
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