Economic Survey of Latin America and the Caribbean 1984

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Features: 1) the major trends in the economy of Latin America and the Caribbean in 1984; 2) economic developments by countries in the region examining economic growth, production, employment and unemployment, prices and wages, the external sector, and monetary and fiscal policies; and 3) the evolution of the economy and economic policy in Uruguay in the period 1981-1984.




It is difficult to assess economic trends in Nicaragua during 1984 on the basis of the principles and methodologies which are conventionally used to examine the crisis. The country was plunged into an armed confrontation of even greater intensity than during the previous year, and his has had a decisive impact both on the aims of economic policy and on its application and the results achieved. ‘Consequently, the examination of the present economic crisis, of its causes and most significant symptoms, as well as of the results of the main indicators of activity, employment and other variables, can only be undertaken if circumstances well beyond the normal scope of economic activity are taken into account.


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