| Abstract: | This article, starting from the Lewis emphasis upon increasing productivity, analyzes the external and internal sources of
disequilibrium in Latin America over the last two decades. It indicates the impressive progress, and continuing requirements,
that have been made in both dimensions over the last fifteen years. The real requirement for continued growth at high rates,
emphasized by Lewis more than 45 years ago, is, however, increased rates of internal saving. Until the Latin American countries
are able successfully to increase their domestic savings, hopes for sustained expansion will be continuingly frustrated. |
