1945

Economic development in Latin America over the past few years may be described as embracing three types of problems which, in one way or another, have left their very individual marks on economic policy. In the first place, exports have tended either to remain static or to expand at a slower rate than in previous years, whereas imports have been increasing slowly but steadily. Secondly, inflation has either gathered great momentum in many cases or has arisen and ousted relative price stability, always bringing with it disequilibria of varying intensity in the balance of payments, Lastly, the gross product for Latin America as a whole has virtually remained at a standstill since 1958.

Related Subject(s): Economic and Social Development
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