Economic Survey of Latin America 1980

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The Economic Survey of Latin America 1980 Analyzes the evolution of the economy of the region in 1980. It examines economic developments in each of the countries of Latin America: production, prices, trade, current account balances and financing, economic growth, external sector and inflation. Specially highlighted in the economic development of Jamaica and Trinidad and Tobago in the '70s.




In the middle of 1980 a civil government assumed power in Peru after 12 years of military rule. Within its general programme aimed at reviving economic activity and reorienting the development strategy, the new government adopted as concrete objectives the slowing down of inflation, the control of the main financial imbalances, and the liberalization of imports with a view to stimulating the efficiency and competitiveness of domestic production. At the same time renewed importance was given to the private sector as a fundamental agent of development and to the market as the basic, though not the only, mechanism for the assignment of resources and the formation of prices.


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