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Economic Survey of Latin America 1951-1952

image of Economic Survey of Latin America 1951-1952

Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.

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Industry

With the passing of post-war readjustment, a new impulse towards industrialization—a fundamental necessity for the achievement of a long-term increase in the gross product of Latin America—is now apparent in various countries. During the last three years there has been a renewal of industrial investments in Brazil, Chile, Colombia, Mexico and Venezuela, where important governmental and private projects are being undertaken or studied, some of them with financial or technical assistance from the United States, Europe and other sources. In these cases, industrial output has increased rapidly. In countries, such as Ecuador, Peru, Uruguay and other republics, where consumer goods industries still predominate, difficulties have affected both industrial production and the rate of investment, even though some existing projects indicate a change in the industrial structure. Conversely, in Argentina, already highly industrialized, production has not only failed to return to post-war levels, but there was actually a marked decline in certain important industrial branches during several months in 1952. In addition new investment appears to be lower than formerly.

English

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