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Situation and prospects of the Latin American economy in 1975
- Source: CEPAL Review, Volume 1976, Issue 1, Jul 1976, p. 77 - 98
- Spanish
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- 06 Jul 1976
Abstract
After describing the economic recession which came to a head in 1975 and examining some overall indicators, this article analyses the most important underlying causes of the recession. Two interrelated causes are particularly worthy of note: firstly, the deterioration of the economic situation of the centres, and secondly, the sharper contradiction between the growing demand for imports required by the prevail ing type of growth and the capacity to produce the foreign exchange necessary to pay for them and to cope with an increasing volume of financial services.
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