1 Ago 1993, 00:00 - 14 Oct 2025, 15:50
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Publicación
The purpose of this paper is to contribute to the debate on stabilization policies in conditions of high inflation in the light of the experience of Brazil and some other countries, especially the European monetary crises of the 1920s and the stabilization of the Argentine currency in 1991/1992. The paper begins with some comments on certain special features of situations of high inflation, with emphasis on the unfeasibility of following the sequence of measures recommended for dealing with only moderate imbalances. It goes on to criticise some aspects of the economic policy adopted in Brazil …
The large capital inflows into some Latin American countries since 1990 are a mixed blessing, for they widen the trade-off between disinflation at home and competitiveness abroad. A large part of the flows seems to be temporary rather than permanent. Permanent flows should be accommodated by an upward float of the currency, temporary flows by sterilized intervention on the foreign exchange market. Recent evidence suggests that sterilized intervention is more effective and carries lower fiscal costs than is often maintained. Asian policy practice suggests ways of sterilized intervention even wi…
The constitution of a new international industrial order dominated by a core of large transnational corporations generally makes life more difficult for the great majority of developing countries because, since most are not in a position to compete effectively, they face still greater marginalization. TNCS more than ever before can significantly influence the international competitiveness and therefore the nature of incorporation of developing countries into the new increasingly integrated international production system. The national origin and form of foreign direct investment and technology…
Latin American manufacturing industry has undergone various changes in recent years. It has registered a favourable performance as far as exports are concerned, but production and investment have grown only slowly in a context of sluggish recovery of domestic demand and greater foreign competition. Other features are greater specialization in natural resource-based intermediate goods characterized by the importance of economies of scale, relatively long lead times for the heavy investments required, and the presence of privatized and transnational enterprises. At the same time, there are signs…
1 Ago 1993, 00:00 - 14 Oct 2025, 15:50
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Publicación
This article highlights the need to complement macroeconomic policies designed to secure stabilization, deregulation and greater openness with other macroeconomic and microeconomic measures aimed at revitalizing the growth and competitiveness of the countries of the region. At the national level, in terms of macroeconomic measures, it is necessary to increase domestic saving and channel it towards productive investments within the local context, while microeconomic policy should include measures to develop and consolidate in the countries an innovative, wide-ranging system for furthering chang…
1 Ago 1993, 00:00 - 14 Oct 2025, 15:50
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Publicación
This article provides an overview of a number of changes that have taken place in the region's economy, together with their effects in terms of its social stratification, and analyses the different social sectors' options for political action. A series of economic changes have altered both the traditional heterogeneity of the Latin American economy and the relative weight of its various sectors; this is reflected, for example, 9n the heightened importance of agribusiness and the reciprocal penetration of the services and production sectors. Today a generic distinction between i…
1 Mar 1993, 00:00 - 14 Oct 2025, 15:50
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Publicación
La edición 1992 del Anuario estadístico de América Latina y el Caribe contiene una selección actualizada a fines de diciembre de las principales series estadísticas disponibles sobre la evolución económica y social de los países de
la región.…