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 1968

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31 Dec 1968
9789210583534 (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 Some aspects of the Latin American economy twoards the end of the nineteen-sixties

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    • Population, income and employment

      By 1970 the population of Latin America will be nearly 280 million, and its share of the world population will be close to 8 per cent.

    • The regional distribution of economic activities
    • The external sector

      The strategic importance still attaching to the external sector in the present structure of the Latin American economy has already been discussed in the preceding chapters, particularly in connexion with the structure of aggregate supply and demand. The object of this chapter is to build up a fairly substantial body of data that will give an up-to-date picture of the situation and indicate the major trends of both foreign trade and external financing and external capital movements since the mid-nineteen-fifties.

    • The public sector

      The general lines followed by development policy since the beginning of the current decade have laid a heavy burden of responsibility on the public sector, in respect of both its direct action and its sphere of indirect influence. The objectives pursued—the acceleration of economic growth, the introduction of reforms in several basic aspects of the economic and social structure, the expansion of social services on a considerable scale and the promotion of more equitable income distribution, the establishment of bases for an integrated Latin American economy, etc.—presuppose action on the part of the public sector, in its role as an agent of development, which extends beyond the scope of the restricted functions traditionally assigned to it. Accordingly, in drawing up a balance of some of the characteristics of the region’s economy at the close of the nineteen-sixties, it seems appropriate to take into account the extent to which the public sector is equipped to formulate and apply development policies.

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  • Expand / Collapse Hide / Show all Abstracts Economic trends in 1968

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    • Recent economic trends

      In 1968, the economic development of Latin America was much more satisfactory than in 1967. The gross domestic product of the region as a whole grew at a rate of 5.7 per cent, compared with 4.4. per cent in 1967 and an average of 4.7 per cent over the period 1960-66. Including the past year’s results, the average annual increase in the total product for the period 1960-68 is 4.8 per cent, and that of the per capita product is 1.9 per cent.

    • Economic trends by countries

      In 1968 Argentina’s gross domestic product increased by about 4.8 per cent, thus emerging from the stagnation of 1966 and exceeding its growth rate of 1.8 per cent in 1967.

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