1945

The rate of development of industrial production between 1945 and 1949 has been particularly outstanding in four countries of Latin America. According to published indices of industrial production and those compiled by the Economic Commission for Latin America, covering a total of eleven countries, these four are: Venezuela, with an average annual increase of 12.2 per cent; El Salvador, with an increase of 11 per cent; and Argentina and Chile, with 6.5 per cent. The lowest increases were recorded in Cuba (1.5 per cent) and in Bolivia (3.3 per cent). In the other six Latin American countries the rate of industrial expansion varied between 4 and 5.2 per cent annually.

Related Subject(s): Economic and Social Development
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