Celso Furtado

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Furtado, Celso


Born 1920 in Pombal, Brazil. Brazilian economist.

In the 1960’s, Furtado was Brazil’s minister of planning; he helped formulate economic development plans for Brazil, Mexico, and Venezuela. After the Brazilian military coup of 1964, Furtado emigrated. He has been a professor at Yale University (1964) and the University of Paris.

Furtado takes a liberal bourgeois position in his criticism of the business practices of foreign capital and especially of multinational corporations in Latin America. He points out the fallacy of the theory of stages of economic growth and holds that the economic backwardness of the developing countries is related to the establishment of the world capitalist economy. Furtado is an advocate of increased government intervention in the economic system. He is aware of the class contradictions based on private capitalist property relations; even though he reduces the class struggle primarily to its economic aspects, he also recognizes its decisive importance for socioeconomic development.


A economia brasileira. Rio de Janeiro, 1954.
Uma economia dependente. Rio de Janeiro, 1956.
Dialéctica do desenvolvimento. Rio de Janeiro [1967],
Développement et sous-développement. Paris, 1966.
Teoría y politica del desarrollo económico. [Mexico City, 1969.]
La economía latinoamericana: Una síntesis desde la conquista ibérica hasta la revolución cubana. Santiago de Chile [1970].


References in periodicals archive ?
Alstom has extended a 90 million maintenance contract with Petrobas for seven years to service power generation equipment at their Governador Leonel Brizola (Termorio), Fernando Gasparian (Piratininga) and Celso Furtado (Termobahia) gas-fired combined cycle power plants (CCPPs) in Brazil.
The 185MW Celso Furtado plant is based on Alstom's GT24 technology.
The writings of thinkers like Raul Prebisch, Celso Furtado and Eduardo Galeano and the reports of the Commission for the Development of Latin America (CEPAL) have elaborated extensively on this.
In May 1958 President Kubitschek asked Celso Furtado, a widely respected economist of the National Bank for Economic Development (BNDE), to develop legislation and a program for the Northeast.
On 14 July 1961 JFK met in Washington with Celso Furtado to discuss the SUDENE program.
Celso Furtado said there were thousands of Americans in the Northeast in the early 1960s.
RFK told Jango that the United States was concerned about the increasing role played by communists in government and requested that Celso Furtado be removed as head of SUDENE.
38) Celso Furtado remained head of SUDENE until fired after the April 1964 golpe de estado.
56) Celso Furtado declared that the fear of reform "brought panic to the dominant classes who appealed to the armed forces to play the role of gendarme of the social status quo, whose preservation demanded the elimination of formal democracy.
Albert Hirschman dedicated his classic book on economic development in Latin America to Celso Furtado and Colombia's Carlos Lleras Restrepo.
XII), American Republics, "Memorandum of Conversation: Subject: Celso Furtado Call on the President, 14 July 1961," pp.