internal reforms rather than through external help. He publicly condemned ISI as having failed to bring proper development. Prebisch found his years at UNCTAD frustrating and "sterile" as it became increasingly bureaucratic and failed to achieve its main objectives. His sudden resignation in 1969 signified his loss of patience with the organisation's failures. Dependency theory During the 1960s, economists at the United Nations Economic Commission for Latin America and the Caribbean (ECLA) developed an extension of Prebisch's thoughts on structuralism into dependency theory, in which economic development of the periphery is seen as a nearly impossible task. While dependency theory was the polar opposite of Prebisch and ECLA's original purpose, he continued to criticize the neo-classical economic forces that he felt were victimizing the global poor. Legacy Prior to the takeover of Chile by the Augusto Pinochet regime, economic thought in the country, particularly the University of Chile, was dominated by his ideas. Works Raúl Prebisch, The Economic Development of Latin America and Its Principal Problems (New York: United Nations, 1950) See also Import substitution industrialization Unequal exchange Samir Amin Celso Furtado Fair trade References Further reading Fitzgerald, E.V.K. "ECLA and the Formation of Latin American Economic Doctrine" in Latin America in the 1940s: War and Postwar Transitions, David Rock, ed. Berkeley and Los Angeles: University of California Press 1994, pp. 89–108. Flechsig, Steffen (1999), "Raul Prebisch's Contribution to a Humane World" in Global capitalism, liberation theology, and the social sciences: An analysis of the contradictions of modernity at the turn of the millennium (Andreas Mueller, Arno Tausch, and Paul Zulehner (Eds.), Nova Science Publishers, Hauppauge, Commack, New York John Toye and Richard Toye (2006), Raúl Prebisch and the Limits of Industrialization. In Dosman E.J. (ed.) Raúl Prebisch: Power, Principle, and the Ethics of Development, IDB-INTAL. External links Paul Berthoud, A Professional Life Narrative, 2008, worked with Raúl Prebisch in CEPAL and UNCTAD, and offers testimony from the inside. Raúl Prebisch: Latin America's Keynes, The Economist, Mar 5th 2009 Profile at The International Institute of Social Studies (ISS) Prebisch in Argentina Raúl Prebisch and the challenges of development of the XXI century Website Dependency theory: the truth behind capitalist expansion? 1901 births 1986 deaths Development economists Dependency theorists Executive Secretaries of the United Nations Economic Commission for Latin America and the Caribbean University of Buenos Aires alumni People from Tucumán Province Argentine people of German descent 20th-century Argentine economists Argentine