The Alianza: Progress

Despite the continuing nervousness about its politics, Latin America is making impressive economic progress. According to a report by the U.N.'s Economic Commission for Latin America, the gross domestic product for the area's 19 nations (excluding Cuba) rose 5.5% to more than $90 billion in 1964, v. a 1.8% increase the year before. The big gains came from Mexico (up 10% chiefly on a construction boom), Venezuela (up 7.6% on record oil exports) and the nascent Central American Common Market, whose five members—Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua —averaged a 7% increase. Tugging the figures down were Brazil,...

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