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.



Foreign trade

There is no need to point out the predominating influence which foreign trade has had and still has upon cyclical fluctuations in Latin America and through them upon the continent’s economic growth. Ever since this region entered the international market about the middle of the last century, sharing in the process of capitalist development, its exports have tended to rise continuously. There has always been a very close link between the strength of this tendency and the rate of economic growth of these countries.


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