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Gavin, Michael
Hausmann, Ricardo
Year of Publication: 
Series/Report no.: 
Working Paper 378
Latin America`s enormous endowment of natural resources impacts many countries of the region. Economic liberalization in several countries was followed by rapid growth of foreign investment and exports of natural resource-intensive products. Growth of labor-intensive manufacturing industries was much more modest. What does increased reliance upon natural resource-based industries mean for development prospects, and for the distribution of income?
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Working Paper

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