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What factors contributed to slow economic development in Latin American nations despite abundant natural resources?
Wiki User
∙ 12y ago
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;
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoLack of Capitalism
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