Inside Report (1)

The real Latin America isn't triple-digit inflation and comic-opera military juntas: it's an industrial superpower in the making.

So argues Paul Bracken in an article in this month's The Futurist. He says the remoteness and isolation that characterize Latin America today are likely to change dramatically in the next 20 years as its ''large urban middle-income markets'' expand ''to major proportions.'' In short, ''highly significant changes are occurring . . . that the rest of the world has hardly noticed.''

One example: ''Enormous Brazilian state-run companies are now driving US and Japanese companies out of third-world markets, showing that state-owned corporations can out-compete privately managed firms.''m

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