Economic Survey of Latin America 1974

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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.



Latin America and "imported inflation"

In order to examine “imported inflation” in Latin America, it is first of all essential to clarify some points so as to prevent any misunderstanding. Of course, there will always be those who recall with some irony that the inflationary situations prevailing in several countries of the region and in different and sometimes fairly long periods were not precisely “imported”, but were mainly due to various internal factors and trends that are amply discussed in the bibliography on the subject. What is more—as noted in the preceding chapter—it is not unusual to find in the analyses of the recent inflation affection the central economics references to the “Latin Americanization” of their process of rising prices.


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