1887

Economic Survey of Latin America 1962

image of Economic Survey of Latin America 1962

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.

English

.

Structure, recent developments and prospects of Central American exports

Central America’s role in the world economy is still largely the traditional one of an underdeveloped area located outside of the temperate zone, that is, as supplier of only two or three tropical agricultural commodities to the industrialized countries of Europe, and the United States. For a long time this trade pattern had provided a valuable stimulus to the region’s development. In recent years, however, the relative saturation of the traditional markets for tropical products and the unfavorable trend of prices paid for them have been responsible for a virtual stagnation of Central American export earnings; and while some effort has been made to diversify, excessive dependence on a small number of primary products is likely to remain a serious obstacle to the expansion of exports in the coming years.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error