Obstacles to Development in Latin America

achieved aggregate demand agricultural American corporations American economy areas assimilation basic behavior Brazil Brazilian capacity capital capitalist Celso Furtado cent coffee Cold War conglomerate considered constitutes consumer consumption created decades decision-making centers decisions decline demand profile diversify domestic dustrial economic activities economic system economies of scale effect enterprises existing expansion export sector external factors favor financing framework greater gross internal product growth rate Hans Morgenthau import substitution income concentration industrial sector innovations integration international markets investments labor landholding lands large corporations latifundio Latin America levels ment military minifundios modifications national economy nomic oligopolistic operating organization oriented output-capital ratio phase political population possible precapitalist sector prevailing principal problem productivity increases profit rate rapid reduced region relative prices result share social Soviet Union structure technological progress tend tendency tion tional tive transformations underdeveloped countries United urban velopment wage rate