The spread of technical progress and the terms of trade
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1949 , pp 46-61
- Publication Date: December 1949
- DOI: https://doi.org/10.18356/03f0bf3e-en
- Language: English
In the preceding chapter, we sought to show that the improvement in the terms of trade of the great industrial countries, with the corresponding deterioration in the periphery, has been one of the principal factors responsible for the decrease of the import coefficient of the former. We have also pointed out the adverse influence of this phenomenon on the import capacity of Latin America, which had just reached a point in its economic development where imports tended to increase constantly.
© United Nations
ISBN (PDF):
9789210583046
Book DOI:
https://doi.org/10.18356/93f74e12-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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