Processes and challenges of growth 1960-2015. The accumulation of capital of Paraguay in recent years

The article describes general trends in the accumulation of capital in Paraguay during the last 55 years (1960-2015); the growth of the product and public and private investments in the long term. That includes boom cycles and interruptions of these cycles. The cycle of 1973-1980 begins with the construction of the Binational Dams, investments and export of commodities; the 1990- 1993 cycle with the advent of democracy, an increase in the national budget in capital investments, including human capital; The 2008-2013 cycle is generated with investment in social and capital areas - such as infrastructure - and with the export expansion of commodities. Without entering into regional and global processes, or major changes in economic policy, we observe, above all, the hardest and most stable economic relationship between investment and growth. The article concludes highlighting the strategic impact, that public investment has had at the beginning of the economic boom cycles; as well as the anti-cyclical effect of his intervention to overcome the recessive processes, as well as the limits of the process.