Economic Survey of Latin America 1970

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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.



Structural change

Economic development usually involves change, which may sometimes be very far-reaching and sometimes much less so. It is worth investigating whether the changes that the Latin American countries have been undergoing resemble those that have occurred in other regions or are different from them. For the purposes of this investigation, the traditional division of the economy into the primary, secondary and tertiary sectors was abandoned in favour of established United Nations practice, which groups manufacturing, mining, construction and basic services in one sector, leaving two others—agriculture and “other services”.


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