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Most nations within Latin America are capitalist developing countries; some are more developed than others. For example, Argentina and Chile have an income per capita of US$18,400 and US$18,700 respectively; other countries are less developed such as Brazil with an income of US$12,100 and there are a couple of countries that are deemed as "least developed", such as Bolivia and Haiti, with incomes of US$5,200 and US$1,300, respectively.
Means of production and economy also wildly varies among these, for the same reasons. For example, Mexico has an export-oriented economy with products such as motor vehicles, aircraft and electronics, while less developed countries like Paraguay export raw materials, like soybeans, cotton and meat.
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What country in Latin America has the best economy?
Brazil
Americas dependency on which of these products has a significant negative effect on the economy today?
oil
How did the Latin singers affected the American economy?
dsadas dsadas
What country has the worst economy in latin America?
probably Ecuador
Why didn't Spain's economy benefit from the gold and silver from the Americas?
Spain's economy didn't benefit from the gold and silver from the Americas because although it did make Spain wealthy for some time, it caused the value of their money to drop and as the demand of physical elements increased, so did prices (inflation) causing Spain's economy to fail
What Latin Americas highest waterfall?
delicomo is latin americas highest waterfall today
What was Latin Americas first civilization?
The Olmec of southern Mexico built Latin Americas first civilization.
How did latin Americas economy change after independence and how did it remain the same?
Before Independence, Latin America was ruled by European Nations, and after, the criolles gained political power, but the mestizos and Native Americans remained poor.
Is Latin Americas economy as bad as ours?
No. In fact it is growing faster or at least being less hit due to the current economic crisis than the US.
Is the Latin American culture younger then that of Americas?
no it is not
How did the steam locomotive change Americas economy?
The steam locomotive changed Americas economy in a positive way. Transportation was easy and convenient which made is possible for people to trade and thus improve the entire economy.
Is Chile's economy better then Americas?
No. America has the best world economy. Chile has the best economy in SOUTH America.
What is the motto of Mister Latin America?
The motto of Mister Latin America is 'Ambassadors of Americas'.
Who invented the tambora?
the Latin Americas and the Caribbeans countries.
What is Latin Americas daily life?
The daily life of Latin America is,......................... wait I dont know
What are some of Americas issues today?
Unemployment, foreclosure, economy
What was the last country in the Americas to be occupied by the Spanish?
latin america
