Economic Survey of Latin America 1948

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The Economic Survey of Latin America is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). It covers the economic situation in Latin America and provides a concurrent economic overview of the region.




In the Latin-American countries the movement of raw materials and foodstuffs toward the sea has in most cases been the main factor determining the structure of the railway systems. The more recently developed highways, on the other hand, were built primarily to serve the needs of the respective countries. The lowering of transportation costs has been the determining factor in the expansion of agriculture and mining, but a sufficient volume of production for the market was necessary before transport could be developed.


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