Economic Survey of Latin America and the Caribbean

1681-0384 (online)
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The Economic Survey of Latin America and the Caribbean is issued annually by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC). It covers the economic situation in Latin America and the Caribbean and provides a concurrent economic overview of the region, as provided by the Division and other experts based on statistical indicators which are collected annually.
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Economic Survey of Latin America 1949

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31 Dec 1949
9789210583046 (PDF)

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Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.

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  • Expand / Collapse Hide / Show all Abstracts Growth, disequilibrium and disparities: interpretation of the process of Economic Development

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    • The spread of technical progress in Latin America and the problems it involves

      The spread of technical progress from the countries where it had its source to the rest of the world has, from the point of view of each generation, been relatively slow and irregular. During the long period which elapsed between the industrial revolution and the First World War, the new methods of production in which technique has constantly found its expression have reached only a small proportion of the world's population.

    • Weakening of Latin America's capacity to import during the past twenty-five years

      It has been shown that with the increase of per capita income deriving from increased productivity, total income increases at a greater rate than population and that the rate of imports also tends to be higher.

    • The spread of technical progress and the terms of trade

      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.

    • Contrasts and differences in the process of Economic Development

      We have defined the economic development of Latin America as a new stage in the world-wide extension of the capitalist technique of production. To a certain extent, we are now witnessing a process similar to that which took place in the nineteenth century, when countries which today are great centres began their industrial development. The phenomena are not, however, identical, for conditions of the international economy which now prevail are, as has already been shown, very different from those which obtained then; the later phenomena present unique characteristics which had no cause to develop in the earlier centres, at least not in so manifest a form. We shall consider this aspect of the problem in the present chapter.

    • Consequences of international differences in income and productivity

      The relatively slow rate at which modern technique has spread through-out the world and the way its benefits arc distributed, have led to considerable differences in the per capita income and productivity of the various economic regions of the world.

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  • Expand / Collapse Hide / Show all Abstracts Economic Development of selected Latin-American countries

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    • Economic Development of Argentina

      Nothing shows more clearly the broad lines of the economic development of Argentina than the simple curves of Chart 1. This chart covers two distinct periods divided by the world crisis of the 1930’s. First, the period of the outward growth of Argentine economy, under the influence of the powerful forces of the world economy. Second, the present period of inward growth, when, in view of the weakening of those external forces, the country seeks within its own economy the impulse necessary for its development.

    • Economic Development of Brazil

      Brazil is perhaps the Latin-American country in which are found the clearest manifestations of the dynamic phenomena of an economic system in full development.

    • Economic Development of Chile

      Since inflation is generally recognized to be a source of evil wherever it occurs, it is not surprising that it should cause considerable anxiety in Chile. In problems of a domestic order such as this, the economic aspects are so inextricably tied to the political and social aspects, that only with a very deep knowledge of the country’s life and structure is it possible to achieve any measure of success in co-ordinating the methods propounded by the technicians.

    • Economic Development of Mexico

      For some time now, Mexico’s balance of payments has been subjected to severe strains emphasizing once again the fundamental incompatability of growth and equilibrium within the free play obtaining in the economy of a country in full development.

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  • Recent changes in the economic condition of Latin America

    The economic situation of Latin America during recent years may be considered satisfactory in general terms. Compared with 1947 and 1948, however, there is a notable difference in degree as a result, in some cases, of adverse weather conditions, and more generally of the interruption of the boom which some countries had experienced in their international trade.

  • Appendices
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