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Published online by Cambridge University Press: 22 April 2010
Dependency theory, which places responsibility for the underdevelopment of the peripheral zones of the world economy upon the North Atlantic core, might well be called a Latin American invention. It goes back, after all, to an article published in 1949 by the Argentine economist Raul Prebisch. Since that time, acceptance of the basic argument — which emphasizes intercontinental trade — has grown, also among historians. Economic dependence with respect to the North Atlantic world began during the colonial era, and forms the principal legacy of that period of Latin American history, according to Stanley and Barbara Stein's The Colonial Heritage of Latin America, first published in 1970 and now in its tenth printing.1 This view has it that economic dependence grew out of Spanish exploitation of American gold and silver, + maritime commerce in tropical plantation products. The entire Spanish colonial world in America would appear to have rested on these two pillars.
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8. The ideal of pilgrimage among the pagans lives on in the naming of Carmelite monasteries, which are called “deserts”.
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