1945
CEPAL Review No. 31, April 1987
  • E-ISSN: 16840348

Abstract

The crisis undergone by Latin America in the 1980s has been the most serious one to occur during its process of industrial developm ent, not only because of its intensity, but also because of the difficulties involved in designing and implementing options that might pave the way to solutions for the problems which originated it. The context of the crisis of the 1930s was entirely different: the region had only just begun its industrialization process, and the main body of problems at the time could not be attributed to industrial activity. Moreover, the self-contained nature of the economy insulated a large part of the population from the principal negative effects of the interrup tion of international trade and credit flows.

Related Subject(s): Economic and Social Development

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