This expanded and revised edition of the classic work on dependency in Latin America had an enormous influence on a generation of American scholars, as it had in the preceding decade influenced many Latin American intellectuals. Dependency theory came to form a virtually monolithic interpretive framework. The book was originally written during the mid-1960s in Chile, where Cardoso, now president of Brazil, was living in exile, and was first published in Mexico in 1971. In an attempt to bring historical and sociological substance to what Cardoso and Faletto, a Chilean scholar, saw as the overly economistic interpretation espoused by the U.N. Economic Commission for Latin America, Cardoso and Faletto sought a return to political economy as opposed to pure economics and looked at the role of social classes, the state, and corporatist and bureaucratic structures as well as the key role of multinational corporations in setting the constraints within which Latin American development took place. Curiously, it is less in the original text than in their postscript to the English translation where Cardoso and Faletto's more overtly socialist arguments appear most dated.
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