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World Economic Report 1949–1950

image of World Economic Report 1949–1950

World Economic Report 1949-50 analyses major developments in domestic economic conditions and international economic relations during 1949 and the first half of 1950, with some preliminary comments on tendencies since mid-1950. The Report also presents a discussion of two special problems: the factors underlying the persistent dollar deficits in a large part of the world prior to 1949 and the relationship between the currency devaluation of 1949 and subsequent developments in international trade.

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Selected countries in Latin America and the Far East

The group of countries whose domestic economic changes in the past two years are analysed in this section of the report includes Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Mexico, Peru, Uruguay and Venezuela in Latin America, and India, Pakistan and the Philippines in the Far East. While comprehensive national income statistics are not available for any of these countries, an attempt is made to give some general indication of the changes in their national economies in the period under review. The structure of the economies of the individual countries differs greatly, though they are predominantly agricultural in character, are exporters of primary agricultural or mineral products and, with some exceptions, are economically under-developed. The over-all economic changes which took place in these countries between 1948 and 1950 do not reveal a uniform pattern except for the fact that their levels of output tended to rise very slowly, if at all; in some of them, it appears, output has actually declined.

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