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Why are many latin American countries trying to diversify their economies?
Wiki User
∙ 12y ago
Because many of them have historically depended on one or two exports for international commerce. For example, 90% of Chile's exports are made of copper or copper-refined products; Venezuela's exports are overwhelmingly comprised of oil and its refined products; most Central American countries (Panama, Honduras, Guatemala) exported until very recently only fruits and vegetables -- hence the name "banana republic".
This of course, means these countries are subject to the volatility of commodity markets thus they need to switch to manufacturing goods or financial services.
Wiki User
∙ 12y ago
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Why are African nation trying to diversify their economy?
The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops. THAT'S THE REAL ANSWER!!!!
What Countries are trying to join the EU?
turkeygeorgiaukrainemoldovacroatiamacedoniaarmeniabosnia and herzegovinaserbiaalbaniakosovomontenegro
What happens to most centrally planned economies?
Centrally planned economies can only be successful if they are incredibly small. Imagine A single group in America trying to control all the prices in the countless markets - it would simply not be possible. Therefore, most centrally planned economies eventually turn into some sort of free market economy. When prices are determined by the give and take of supply and demand, they are much easier to maintain.
Why are poor countries not able to invest much money to improve conditions?
Because they are to busy getting money from other countries they are trying to pay back what they bowrred
How do geographers divide countries into developed and developing nations?
I really don't know I'm trying to figure it out
How have many Latin American countries been trying to improve their economies in recent years?
borrowe money
How many Latin American countries been trying to improve their economies in recent years?
borrowe money
Why are African nation trying to diversify their economy?
The African Nation is trying to diversify their economies because A country with a diverse economy will not be hurt as much if a major cash crop fails or if world prices for one of it's major mineral exports suddenly drops. THAT'S THE REAL ANSWER!!!!
What organizes negotiations about trade rules and provides help to countries trying to develop their economies?
WTO
Why are African nations trying to diversify?
this is so confusing
What two UK charities are trying to end poverty and suffering in American countries?
to be fair i dont no
How was the American Civil War?
The American Civil War was a very trying time in American History. Besides the obivious effects of war on the nation, the population numbers were drastically reduced along with both economies; and a major shift in power in the whitehouse in 1865 further complicated American life.
What country did not prosper directly after World War 2?
Not any of the countries did well, including the US. However, the Axis powers--Germany and its allies--had war costs to pay in addition to trying to recapture their economies.
What is Africa's economy?
It is hard for Africa to make a profit on the goods that it exports. Very varied. Some of the 47 countries in Africa have advanced economies, but many have rather primitive and unorganised economies, reliant on overseas aid. Some, such as Zimbabwe, seem to have a death wish.Unstable .I would say 'varied'. Dependent on selling raw materials .Africa contains 53 countries in various stages of development and prosperity and political stability. To pronounce on Africa as a whole would be like trying to lump the USA and Columbia and Haiti together.
What was the U.S. trying to protect when they put tariffs on imported farm products during the great depression?
They isolated countries' economies, drastically reducing international trade.
Who organizes negotiations about trade rules and provides help to countries trying to develop their economies?
One is the World Trade Organization (WTO), under the General Agreement on Tariffs and Trade (GATT). Another are certain agencies of the United Nations. Another are binational or multinational treaties and agreements specifying the nature of trade (which may constitute free trade or a customs union), such as, for example, the North American Free Trade Agreement.
Why aren't bullfights banned?
Bullfights, where the bull is injured and killed, are banned in many countries. Some countries ban bullfighting altogether. However, in those countries where traditional bullfights are still practiced the spectacle is part of the blood and culture of the population and has a long history. Trying to ban bullfighting in Spain or Mexico would be as difficult as trying to ban American football in the United States.
