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Venezuela is the Latin American country closest to a command economy. The government has significant control over the economy, including the nationalization of key industries like oil and the implementation of price controls on various goods. This has led to reduced private sector participation and heavy state intervention in economic activities. As a result, the economy has faced challenges such as shortages and inefficiencies.
Brazil
What is the Latin American Free Trade Area?
probably Ecuador
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
Daddy Yankee and Ricky Martin are two of the most famous Latin American singers. Also, Freddy Fender and Dulce Maria are famous Latin American singers.
Latin America has produced some great talent for the music industry. Some of the famous singers includes Ricky Martin, Shakira, Salma Hayek, Pitbull, and Jennifer Lopez.
Brasil and Mexico but all the Latin American countries were affected by European exploration.
Mariah Carey is a Latin American singer. She is half-Venezuelan.
The American economy was much stronger the Latin American economy
Cuba is the Latin American country with a command economy
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Honduras was the Latin American country affected the most by Hurricane Mitch in late October 1998. Hurricane Mitch was a category 5 hurricane.
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Brazilian economy is characterized by moderately free markets and an inward-oriented economy. Brazilâ??s economy is the largest of the Latin American nations and the second largest in the western hemisphere.
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