Latin America, from the 1950s to the Present, Mutations, Growth and New Dependencies
After experiencing a significant growth in their industry, most of the major Latin American countries knows a deindustrialization coupled with a return toward international specialization on commodities. Their insertion into the international division of labour for 15 years is from a reprimarisation of their economies (except Mexico and Central America). That favors a premature deindustrialization, a lethargy of their growth (except for Andean countries). In other words, while the number of Asian economies is towards more industrial density per capita and more industry in GDP (except India) and a strong growth, Latin American countries remain confined to a situation where industrial density increases little and the weight of their industry in GDP has declined. Strange return of history of success and failures, this regression could explain the crisis that these countries are going through today?