1945

In contrast to 1964, manufacturing did not make any notable contribution to the relatively high growth rate of the Latin American economy as a whole during 1965. In 1964 industrial production rose 9.8 per cent above that for 1963, an increase which was much greater than that for the over-all product, and hence manufacturing could be regarded as one of the main stimuli to economic growth. In 1965, on the other hand, the industrial growth rate was only 6.2 per cent, practically the same as for the economy as a whole.

Related Subject(s): Economic and Social Development
/content/books/9789210583503s004-c003
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