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It is not easy to forecast the future of a country; much less to forecast the future of a whole region. It is possible, however, to define some tendencies according to current economic and political developments:

Brazil is becoming a world superpower. It is estimated that by 2040, it will be the fourth largest economy in the world behind China, the United States and India while ranking as the 6th most populated country on that same year.

By 2035, Mexico would have become a regional power, reaching the status of "industrialized economy" with an income per capita of around US$29,400. By that same year, countries such as Argentina and Chile may have already been designated as "developed countries".

With peak oil reaching worldwide attention by 2015, Argentina, Brazil, Bolivia and Chile would have become the new "Saudi Arabias", as those countries are the primary producers and exporters of lithium, used in the manufacture of batteries for hybrid and electric cars.

If differences among Latin American countries are resolved, it is believed that 20-30 years from now, a free trade area spanning the whole region would have been consolidated. This means the economies of all countries in the region would have become much more integrated and dependent upon each other.

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Q: What could the future hold for Latin America?
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