It is important for Latin America to diversify its economy because for one thing, L.A. (Latin America) wouldn't have to take the risks of a failed business by relying on one crop or resource. Another reason is that more diversed crops or resources brings in a steady amount of money with varied products, and L.A. would be taking their chances by just relying on one crop/resource.
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Mercantilist policies made Latin America economically dependent on Spain and Portugal
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One-resource economies are dependent on the income of usually one export commodity such as tropical fruit, oil or some other natural resource. In Latin America, such countries include Venezuela (oil), Suriname (aluminum), Dominica (bananas), French Guiana (seafood) and Saint Vincent and the Grenadines (bananas).
Why are factories being built in latin America by foreign countries.
Chile has one of the best and most stable economies in Latin America, increasing in 2008 by 187% its foreigner investment, making it a very free-market oriented economy. What_kind_of_relationship_does_the_us_have_with_chileChile has a fairly strong economy. It is based on there working habits and how they conclude their lives.
Latin America is not developed.
Corn (maize) was the most important crop in Latin America, as it was a staple food for many indigenous civilizations such as the Aztecs and Incas. It played a crucial role in their diets, economies, and cultures.
The United States.
Foreign companies often controlled the economies of Latin American countries
the Roosevelt corollary led to U.S. intervention in the economies of Latin America.
The root word for diversify is "diverse," which comes from the Latin word "diversus," meaning "different" or "various."
Mercantilist policies made Latin America economically dependent on Spain and Portugal
the answer is maracaibo
yes
North America (i.e. the United States) does. The US is the most advanced economy in the world, while most countries in Latin America are still considered emerging markets; one or two generations away from becoming developed. The most advanced economies in continental Latin America include Chile (GDP per capita of $19,100), Argentina ($19,100) and Uruguay ($16,600), which are still behind "troubled" developed nations such as Portugal ($22,900) and Greece ($23,600).
the president
The Amazonas river, in South America.