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Economic Survey of Latin America 1973

image of Economic Survey of Latin America 1973

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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Introduction. centre and periphery: New bases for negotiation

Phases of radical change—stormy times—have a well-known feature which recalls some natural phenomena. They build up gradually and progressively, but the signs and warnings of the process—though they do not escape the keenest or most experienced observers—are not enough to forecast the form and force they will ultimately have, and still less their later repercussions. Thus, when the storm breaks there is always surprise, confusion, sometimes panic, but also resolute attempts to understand what has happened and to face up to the new situation. This is what has occurred in the present state of international turbulence, brought to a head by the so-called energy crisis.

English

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