The transfer of resources and inflation
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1988 , pp 99-106
- Publication Date: December 1988
- DOI: https://doi.org/10.18356/f848f045-en
- Language: English
The reversal of the direction of resource transfers and the strong impact this had on both internal and external adjustment processes were the main —although certainly not the only— reasons for the unfavourable economic trends seen in Latin America during the period 1982-1988. With the outbreak of the crisis, the region ceased to be a net importer of resources as befits a region of developing countries, and instead became a net exporter. Moreover, the magnitude of this turnaround was striking: whereas the inflow of resources to the region prior to the crisis had amounted to around 2% of its gross product, between 1982 and 1988 the outflow of resources from the region was equivalent to about 4% of the product.
© United Nations
ISBN (PDF):
9789210583022
Book DOI:
https://doi.org/10.18356/9862a877-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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