Latin America in the 1930s

  • Carlos F. Diaz Alejandro
Part of the St Antony’s Series book series (STANTS)


Latin American development experienced a turning-point during the 1930s. The contrast between ‘before and after 1929’ may often be exaggerated, but there is little doubt that the decade witnessed a closing toward international trade and finance, and a relative upsurge of import-substituting activities, primarily but not exclusively in manufacturing. Other trends visible before 1929, such as urbanisation and a growing interest by the State in promoting economic development, continued into the 1930s and accelerated in some countries. Memories of the 1930s have profoundly influenced the region’s attitude toward international trade and finance; per capita foreign trade indicators reached by the late 1920s were not surpassed in many nations until the 1960s.


Direct Foreign Investment Monetary Policy Fiscal Policy Latin American Country Public Debt 
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  4. Naciones Unidas, América Latína: Relación de Precios del Intercambio (Santiago, 1976).Google Scholar

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© St Antony’s College, Oxford 1984

Authors and Affiliations

  • Carlos F. Diaz Alejandro

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