Economic Survey of Latin America 1968

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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.



The public sector

The general lines followed by development policy since the beginning of the current decade have laid a heavy burden of responsibility on the public sector, in respect of both its direct action and its sphere of indirect influence. The objectives pursued—the acceleration of economic growth, the introduction of reforms in several basic aspects of the economic and social structure, the expansion of social services on a considerable scale and the promotion of more equitable income distribution, the establishment of bases for an integrated Latin American economy, etc.—presuppose action on the part of the public sector, in its role as an agent of development, which extends beyond the scope of the restricted functions traditionally assigned to it. Accordingly, in drawing up a balance of some of the characteristics of the region’s economy at the close of the nineteen-sixties, it seems appropriate to take into account the extent to which the public sector is equipped to formulate and apply development policies.


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