1945

Lower-income sparsely populated regions

THE region is in a phase of rapid economic expansion. Between 1934-38 apd 1947 the population increased at the rate of 2 percent per annum; agricultural production in the countries analyzed in this section expanded by 20 percent and the industrial production of Latin America almost doubled. This broad economic expansion represents a continuation of the trend already strong during the 1920s and ’30’s. A high level of employment, the increased urbanization and the growth in real income per person have created a strong local demand for food. The increase in food production, although considerable, has not been enough to meet this demand fully; it has also been necessary to curtail food exports and increase food imports.

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