from IM. (London)
Speaking at the opening of a three-day forum on Latin America held in Brussels by the International Union of Christian Entrepeneurs on November 21st., Dr. Raul Prebisch, U.N. Under-Secretary in charge of the Economic Commission for Latin America, accused the Common llarket of hampering Latin American trade. He pointed out that restrictive measures by importing countries had aggravated the downward trend in the prices of primary products. As a result, the purchasing power of Latin America's exports fell from $58 per head in 1930 to $39 im 1960. ven in the period 1955: to 1960. the terms of trade worsened so mich that Latin America's income fell in real terms by some $7,300 million. Pointing out that income per head in Latin America had risen barely 1 per cent a year recently, Dr. Prebisch saidsThe problem is no longer how to avoid an economic and social rev-— olution, but how to channel the revolutionary forces." Upon Britain joining the Common Market its neo-colonialist character would be greatly intensified. Already the world biggest importer of raw materials, it would then have such a proportion of this trade that it could dictate almost whatever terms it wanted.