Problems, Development Theory and Strategies of Latin AmericaDevelopment Research Department, Economics and Rearch Staff, World Bank, 1986 - Import substitution - 56 pages |
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adjustment agriculture Andean Pact anti-export bias Argentina average annual rate balance of payments Brazil capital flows CEPAL Chile and Uruguay Chilean Colombia commodity Construction and Services Corbo country level Current Dollars demand policies Depression deregulated Diaz-Alejandro domestic early ECLA economic policies economists eliminated expansionary export activities external shocks fiscal deficit Furtado further import substitution GDP Construction GDP data GDP Manufacturing GDP Primary government intervention Gross domestic product implemented import-substitution industrialization incentives increase index with average inflation inflows interest rates last decade Latin America Latin American countries liberalization macro macroeconomic markets monetary multiple exchange rate non-tradable OUTPUT GROWTH payments crises percent period price controls protectionism rate of growth Raśl Prebisch real devaluation real exchange rate reforms region relative prices result sector September 1986 southern cone southern cone countries stabilization program strategy structuralist substantial taxes terms of trade three countries TRADE AND OUTPUT trade data trade regime Uruguay world trade