In the 1970s, ECLAC thinking continued to advance along two main lines: the nature and difficulties of economic growth and industrial development, and income distribution.
In response to a series of liberalization proposals introduced in the Southern Cone countries in the 1970s, ECLAC adopted a cautious approach to possible changes to the regulatory framework governing economic activity. However, since the early 1960s, many of the Commission’s scholars had recognized the importance of assessing the degree of protectionism that existed. Instead, the proposal was to encourage exports geared towards the regional and global markets.
Central to ECLAC thinking during this decade was establishing development patterns with environmentally and socially sustainable means of production, consumption and distribution, and promoting regional exports of manufactures.
“In the 1970s, ECLAC's thinking would continue advancing around its two fundamental lines: the nature and difficulties of economic growth and industrial development and income distribution...However, in the face of a wave of liberalization introduced in In the countries of the Southern Cone in the 1970s, ECLAC adopted a reserved attitude towards possible revisions of the regulatory framework for economic activity, despite the fact that since the early 1960s many of its intellectuals had recognized that it was excessively protectionist. Instead, it was proposed to encourage exports oriented to the regional and global arenas.” [Free translation] (Reflexiones sobre el desarrollo en América Latina y el Caribe: conferencias magistrales 2015. CEPAL, 2016, p. 57)