Economic Survey of Latin America 1950
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Economic Survey of Latin America 1950

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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Author(s):
ECLAC

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The mining industry of Latin America is divided into two categories, which, so far as this analysis is concerned, differ mainly by virtue of the final destination of their production: one supplies the world markets with metals and various other mining products, and the other supplies raw material to the industry feeding the domestic market. There is no clear dividing line between the two, as in some countries varying percentages of exportable ores are processed and consumed on the domestic market. This consumption must increase in direct proportion to the increase in industrialization, but at present, except in the case of iron ore, it is of no importance when compared to the tonnage exported.