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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.

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Trends in the Latin American Economy in 1980

Since the middle of the 1970s the world economy has displayed a marked loss of dynamism in comparison with the unprecedented growth and prosperity recorded in the three decades following the Second World War. Although it is not certain whether this decline is due to cyclical or to structural factors, or whether it will be temporary or permanent, it is clear that it has lasted longer and has been more severe than might have been expected at the end of 1973, when the first major rise in the international price of oil occurred and the most serious crisis in the developed market economies for the past 30 years began. Futhermore, developments in the period 1979-1980 were a second major setback for a world economy that by 1978 appeared to have adapted relatively successfully to the serious disturbances that took place in the period 1974-1975.

English

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