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Why has relying on one crop or resource presented an economic problem for many Latin American nations?
Wiki User
∙ 14y ago
The problem with only having one crop is that if it doesn't make the cut then they will run out of food before planned that year or season. So having 2 or more it allows them to have extra food to store if a season goes well.
Wiki User
∙ 14y ago
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How have latin American nations tried to achieve economic independence?
Latin American nations have tried to achieve economic independence by controlling their means of production. Oil producing Latin American nations have nationalized oil companies.
A nations plan for answering the key economic problems is called its economic?
Economic System
To what extent do nations today practice mercantilism?
Having tasted economic independence for too long a period,the American colonist had no desire to return to the mercantilist policies endured by the colonies of the other European nations.
Which resource or factor of production is the only one that nations can significantly increase in the short-term?
Capital is the only resource or factor of production that nations can significantly increase in the short term.
Which resource of production is only one that nations can significantly increase in the short-term?
Capital resources is the only one that nations can significantly increase in the short-term.
Why has relying on one crop or resource presented an economic problem for many Latin American nations How have these nations been trying to solve this problem?
Relying on one crop or resource is a problem for anycountry. When the crop fails or the market for the crop or resource declines, the country has nothing else to fall back on for support. The only solution to this problem is the diversify the agriculture or general economy of the country involved.
How have latin American nations tried to achieve economic independence?
Latin American nations have tried to achieve economic independence by controlling their means of production. Oil producing Latin American nations have nationalized oil companies.
In many Latin American nations reliance on the production of a single cash crop has led to?
economic dependance on other nations
What economic problems did Central American and Caribbean Nations face after World War 2?
Overdependence on foreign nations and a dramatic increase in population.
How was the American System expected to unite the nations economic interests?
Market for northern industry and southern agriculture
Who said that effective management was becoming the main resource of developed nations and that it was the most needed resource for developing nations?
fayol
What was the goal of the pan American conference?
To create a customs union for nations in the Americas aimed at improving economic relations.
American imperialist who advocated acquisition of the Philippines especially stressed?
They especially stressed their economic potential for American businessmen seeking trade with China and other Asian nations.
Meeting of western allies during World War 2 that established the economic structures to promote recovery and enhance fdr's version of an open world?
The Marshall Plan was presented in a meeting to the United Nations and Europe. The Marshall Plan provided assistance and loans to the desperate European nations.
What was one way that American independence actually harmed the nations economic fortunes?
ending all british trade and investment in america
One way that American independence actually harmed the nations economic fortunes was by?
ending all british trade and investment in america
What was a major cause of the civil wars in many Central American nations in the 1970s and 1980s?
Economic differences between social classes
