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What factors contributed to slow economic development in Latin American nations despite abundant natural resources?
they had been dependent on only one or two exports. Also, wealth was in the hands of only a small percentage of people, while the rest of the people were poor. They also relied on other nations for manufactured goods, which made them dependent upon them. ed options c;
How do GDP and standard of living vary between developed and developing nations?
The GDP and standard of living have showed that countries that have done well over the past half-century, such as in South East Asia and some Latin American countries, have all been trade-oriented. The poor countries open to trade are doing better.
What are the most important reasons Latin America citizens are unable to take advantage of the free-market economy?
The poor often lack the basic skills that would make taking part in the economy possible. Often the poor have little education. Many cannot read. Most cannot find or get jobs.
What has rapid industrialization in developing nations often a result of?
a growing gap between the rich and the poor.
What are four obstacles to growth in developing nations?
Economic Growth, High Population, Poor Development, Corruption
What is a term of pharse that describes the poor nations of Asia Africa and latin American?
The developing world
Why did Latin American nation remain poor and industrialized after they gained independence?
Because after they fought for their independence, the nations went into ruins, economical, political and discipline problems.
What is a term or phrase that describes the poor nations of Asia Africa and Latin?
The Developing World - GradPoint/NovaNet
What is a term or phrase that describes the poor nations of Asia Africa and latin America?
The Developing World - GradPoint/NovaNet
What is the worst literacy rate in Latin America?
It depends on your definition of 'low'. Most Latin American nations have a literacy rate of 90% or more, with the exceptions being some of the poorest countries such as Guatemala (70.6%), Nicaragua (67.5%) and Honduras (76.2%)
Why do wealthy nations invest in poor ones?
Wealthy nations may invest in poor ones to promote economic development, create new markets for their goods and services, improve political stability, and address global challenges such as poverty and climate change. These investments can also benefit the wealthy nation by opening up new opportunities for trade and investment.
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.
Why were third world nations in latin America Asia and Africa economically poor and unstable?
Due to a long history of colonialism they suffered from ethnic conflicts, and a lack of education and technology.
What do wealthy nations gain from the economic advancement of poor nations?
The wealthy nations gain market expansion, if they are wise enough to see the potential. Therefore they should invest in the economic advancement of the poor nations
What factors contributed to slow economic development in Latin American nations despite abundant natural resources?
they had been dependent on only one or two exports. Also, wealth was in the hands of only a small percentage of people, while the rest of the people were poor. They also relied on other nations for manufactured goods, which made them dependent upon them. ed options c;
What problems faced new nations in latin America?
There was political instability. Europe and North America dominated over its political and economic affairs. Revolutions, civil wars and regimes were frequent and proved very costly. There was racial disunity too.
What has the author Barry J Stenger written?
Barry J. Stenger has written: 'The option for the poor in Latin American liberation theology' -- subject(s): Biblical teaching, Catholic Church, Church work with the poor, Liberation theology, Poor
