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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 86 / 153

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At this point Weaver breaks productive activity into four sectors to more easily support economic analysis: a modern urban sector, export agricultural sector, a competitive sector and a state sector.

Urban sector: core activity was manufacturing  with production processes characterized by capital-intensive technologies, high labor productivity and well organized labor forces. In place by early 1970s and supported by ISI policies. An important source of economic growth in the 70’s and 80’s.

Agricultural sector: Characterized by concentration of ownership, technological sophistication and a major source of social power. - - Consolidation of past gains yet still highly dependent on dynamics of foreign markets.

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Import supply of foreign exchange needed to pay of imports (capital goods, intermediate inputs, fuels and chemical fertilizers).

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Sector most polarized along class lines.

Competitive sector: small, low-profit, and low wage enterprises employing rudimentary, labor-intensive production technologies.

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