UN-backed prize to reward research into Latin American economic development

ECLAC Executive Secretary Alicia Bárcena

26 March 2010 – The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) is jointly launching a new prize for academics, intellectuals and professionals who conduct research into economic development.

The International Award for Research on Economic Development Juan F. Noyola, named after a renowned Mexican economist, will be awarded every two years, ECLAC announced yesterday in a press release issued from Mexico City.

Contestants for the prize are required to submit an original unpublished Spanish- or PortuguesECLAC has launched the award in cooperation with the Institute of Economic Studies of the National Autonomous University of Mexicoe-language monograph on Latin American economic development issues that could contribute to policy-making and analysis. Winners will receive a monetary prize and their research will be published.

ECLAC has launched the award in cooperation with the Institute of Economic Studies of the National Autonomous University of Mexico, known as UNAM.

Alicia Bárcena, the Executive Secretary of ECLAC, said Mr. Noyola’s research and thinking of economic issues, particularly inflation, remain relevant today.

“After the disappointing results of the market reforms implemented in the 1990s and in light of the recent impact of the global financial crisis, our region urgently needs to find answers to the same questions Noyola posed decades ago: how can we detonate and sustain high economic expansion aimed at greater equality without falling into an inflationary spiral or in a balance of payments or fiscal crisis?” Ms. Bárcena said.


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