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Economic Survey of Latin America and the Caribbean 1990

image of Economic Survey of Latin America and the Caribbean 1990

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.

English

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Main trends

In the midst of great difficulties, Latin America and the Caribbean are still trying to overcome, once and for all, the crisis that has burdened them for almost a decade now. They base their hopes on the results of the sweeping and irreversible structural changes taking place in the countries of the region. The recovery of the driving forces behind their development, however, remains an elusive goal. The burden of the debt overhang and the transfer of resources abroad are still excessive; investment processes are taking a long time to renew themselves; the purchasing power of vast segments of the population is depressed; the countries’ fiscal structures remain fragile, and the degrees of freedom for economic policy are limited. Stagnation, inflation and the severe cumulative deterioration of living conditions bear witness to the difficulties with which the processes of structural change are proceeding, the time they will require in order to crystallize and the tremendous obstacles they face. These obstacles are rendered more obstinate by an insufficiency of foreign capital, weak markets for major exports and trade restrictions.

English

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