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Article: Latin America and the new world order.
- Article from:
- Social Justice
- Article date:
- March 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 Crime and Social Justice Associates. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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1. The Growing Marginalization of Latin America in the World Economy
During the last 30 years, Latin America's participation in world trade shrank by almost two-thirds. In 1960 the region accounted for almost eight percent of world trade; 20 years later its share was six percent and in 1990 the figure dropped to 3.3%. This year the combined exports of Latin America, a region populated by more than 430 million inhabitants, amounted to less than $130 billion U.S. dollars, which is less than the exports of the Netherlands (more than $131 billion), whose population is only 15 million. A similar retreat has taken place with respect to relative per capita income. In 1960, ...