During the 1980s, Latin America fell sharply from the high growth rates recorded in the 1950-1980 period. Thus, in 1987 the per capita domestic product was still lower than at the beginning of the decade, while the investment rate was a third lower, compromising future possibilities for growth and job creation. The evolution of the world economy has strongly influenced the stagnation of the region. This paper analyzes the factors that explain this phenomenon, its recent impact on Latin American economies, the effect that these processes have had on the position of Latin America in the world concert and, finally, the perspectives are addressed, from here to the end. of the decade, for the region in foreseeable future scenarios.
Keywords:
Latin America, World Economy, External Debt, Stagnation, Growth and Employment
Author Biography
Ernesto Edwards, Centro de Estudios del Desarrollo (CED)
Economista. Investigador del Centro de Estudios del Desarrollo, Santiago.
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