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South America seeks new sources of growth

Governments in the continent address stagnating economies as commodity boom comes to an end

No country is more troubled, or more closely tied to the ups and downs of commodity prices, than Venezuela, which last year received more than 95 per cent of its export income from oil..


THE president of Venezuela calls for budget cuts as plummeting oil prices slash the country's export income. Peru relaxes environmental regulations to clear the way for major mining projects, hoping to lift production in the face of falling prices of copper, gold and other metals. In