Inflation and Latin Americal (!) economic development
U.S. Joint Publications Research Service, 1963 - Business & Economics - 14 pages
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26l million dollars 300 billion Cruzeiros achieved Alliance for Progress American national economies Argentine Bielefeldt Brazil Brazilian example Brazilian Northeast Brazilian trade balance budget business phenomenon capital flight Chile connection control of inflation course credit expansion currency devaluation current JPRS deficit financing deficit of 300 demand discussed in Latin economic growth endogenous capital February l963 fiscal policy flight of capital foreign currency income Furtado growth rate dropped import increase industrial products inflation in Latin inflationary effects Inflationary Phenomena integral component International Monetary Fund JPRS reports Keynes labor lagging food production Latin American countries Lutz Koellner measures ment money devaluation national economy savings Office of Technical organized labor per-capita income planned profit inflation political possibility practical Prebisch price-wage spiral primarily purchasing power reorganization result roughly sary so-called monetarists so-called structuralists social South America South American countries structural Technical Services theory tion trend U. S. Government underdeveloped countries wages