United Nations Argentina Argentina 1901.4.17.–1986.4.29.

Argentine economist whose centre–periphery division and Prebisch–Singer hypothesis laid the basis of dependency theory

Born in Tucumán, Argentina, to German settlers, Prebisch studied and later taught at the University of Buenos Aires. A complete adherent of free trade as a young man, he "converted" to protectionism as a result of the Great Depression. As president of the Central Bank of Argentina he noticed that in the Depression the prices of primary products fell much more than those of manufactures. Appointed executive director of the UN Economic Commission for Latin America (ECLA or CEPAL) in 1950, he published The Economic Development of Latin America and its Principal Problems that year, dividing the world into an industrial "centre" and a primary-producing "periphery". From 1964 to 1969 he was the founding secretary-general of UNCTAD.

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