Abstract
It is difficult to evaluate, as a whole, the economy of the Latin American countries, which range geographically from 32 degrees north to 55 degrees south. Latin America is generally said to be one of the most economically developed regions in the developing world, and its major countries obtained their political independence during the first half of the 19th century. Even though their economies were severely damaged by the world depression that began in 1929, they quickly bounced back from the mid-1930s onwards, achieving annual growth of 3.5 percent by 1950, far better than the 1.9 percent growth in the industrialized countries. The industrial architecture of Latin America underwent a significant change between 1950 and 1998. Agriculture, which accounted for 20 percent of GDP in 1950, had dropped to 10 percent by 1980, and this percentage remained unchanged thereafter. Manufacturing industry, on the other hand, rose from 30 percent of GDP in 1950 to 37 percent in 1980, and it was strongly influenced by the economic crisis that followed.
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Notes
See S. L. Popkin (1988) ‘Public Choice and Peasant Organization’, in R. Bates (ed.) Towards a Political Economy of Development, Cambridge: Cambridge University Press.
See A. K. Sen (1987) On Ethics and Economics, Oxford: Blackwell.
See T. Abo (ed.) (1994) Hybrid Factory: The Japanese Production System in the United States, New York: Oxford University Press.
See T. Abo (2004) ‘An Integrated Theory of Management Geography: Japanese Hybrid Factories in the Three Major Regions’, in V. Gupta (ed.) Transformative Organizations, New Delhi: Response Books.
See G. L. Clark, M. P. Feldman, and M. S. Gertler (eds) (2000) The Oxford Handbook of Economic Geography, New York: Oxford University Press.
See H. Kumon and T. Abo (eds) (2004) The Hybrid Factory in Europe: The Japanese Management and Production System Transferred, New York: Palgrave Macmillan, pp. 6, 270.
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© 2013 Katsuo Yamazaki
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Yamazaki, K. (2013). The Viewpoint of Research Analysis for Japanese-Affiliated Enterprises in Latin America. In: Yamazaki, K., Juhn, W., Abo, T. (eds) Hybrid Factories in Latin America. Palgrave Macmillan, London. https://doi.org/10.1057/9781137287007_1
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DOI: https://doi.org/10.1057/9781137287007_1
Publisher Name: Palgrave Macmillan, London
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