1945

Recent developments in Latin American reform

The slow development of Latin American agriculture has up to now been one of the principal obstacles to the region’s economic progress; production has failed to keep pace with the growing demand for foodstuffs and raw materials of an expanding and increasingly urbanized population with rising income -levels. Moreover, because of its extremely low average income, the agricultural population does not offer an adequate market for industrial goods. Both factors act as a powerful brake on the balanced growth of the Latin American economy.

Related Subject(s): Economic and Social Development
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