Celso Furtado Prize

The Celso Furtado Prize in Political Economy



The First Celso Furtado Award in Political Economy was awarded in October 2003 to Gamani Corea for his outstanding contributions to development theory and practice; for his analysis of global political economy from the perspective of the South; and for his enduring struggle for political and economic independence of developing countries.
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The Celso Furtado Prize in Political Economy

for outstanding contributions in political economy aimed at socio-economic development in the South


The award, which is established with funds generously made available by the government of the Federal Republic of Brazil, is named after Celso Furtado, one of the leading Latin American economists from Brazil. It is awarded every three years to individuals whose work has made a fundamental contribution to the understanding and promotion of the socio-economic development of countries in the South. The award consists of a cash amount of US$ 10,000 and a plaque.


Living individuals, in any nation, whose work in the field of political economy results in a fundamental contribution to the advancement of socio-economic development in the South are eligible. Special consideration will be given to achievements that have current socio-economic relevance in the developing world in the global context.

Nominations and Selection

Nominations may be submitted by any institution or individual. The nomination should be accompanied by a 1-2 page profile of the nominated individual, a list of significant publications relevant to the award, and a complete list of publications and curriculum vitae of the candidate.

Nominations for the award will be evaluated and judged by a distinguished international committee of experts in political economy. The name of the individual selected will then be submitted to the Executive Board of TWNSO for approval.

Deadline and inquiries

Completed nominations for the award must reach the TWNSO secretariat not later than 31 January 2006. Inquiries and completed nomination forms should be addressed to:

Sheila Khawaja
TWNSO Secretariat
c/o ICTP - Strada Costiera 11
34014 Trieste - Italy
Phone: +39 040 2240-685
Fax: +39 040 2240-689
E-mail: info@twnso.org


TWNSO is saddened to learn that Brazilian Economist Celso Furtado died, aged 84, on 20 November 2004 in Rio de Janeiro. - Obituaries: New York Times - The Guardian - International Herald Tribune

Celso Furtado

Celso Furtado Celso Furtado is known world-wide as one of the leading Latin American economists and social thinkers.

Born in 1920 in Paraíba, in the Northeast of Brazil, he graduated in law in Rio de Janeiro (1944) and received a Ph.D in economics from the University of Paris (1948). In the years from 1958 to 1959 he was Director of the Brazilian Economic and Social Development Bank (BNDES), where he conceived and created the Northeast Development Superintendence, SUDENE, a pioneering government agency to foster economic development in the Brazilian backward Northeast. He was superintendent of this agency from 1959 to 1964. The work developed by Furtado at SUDENE was the essaywriteronline.org object of a special case study on creative economic planning written by Albert Hirschmann ("Journey Towards Progress").

From 1962 to 1963 Furtado was also Minister of Planning during the João Goulart government. After the take-over by the military in 1964, Furtado was deprived of his political rights and went to teach at Yale University first and later at the universities of Cambridge and Paris. He taught in Paris until 1985.

With the re-establishment of civilian rule in Brazil, Furtado was designated Brazilian Ambassador to the European Economic Community in Brussels (1985-1986), and later Minister of Culture of Brazil (1986-1990). Furtado is currently a member of UNESCO's World Commission on Culture and Development.

Furtado gave an original and important intellectual contribution to the understanding of the determinants of the underdevelopment syndrome, approached from a historical perspective, and the different paths followed by different countries to overcome this condition. His books "Economic Formation of Brazil" (1959) and "Development and Underdevelopment" (1961) are considered 'classics' of the literature on the subject, and were translated into seven languages. Celso Furtado published more than 20 books and a great number of articles and essays on the political economy of development, the structure of world capitalism and foreign relations.