Imports of the top 5 largest Latin American economies include:
The economies of Latin American nations is controlled by a small group of landed elite and foreign investors. Many of the profits do not stay in the country and do not lead to the betterment overall.
Brazil, Mexico, and ArgentinaBrazil, Mexico and Argentina do.Mexico, Brazil, and Chile.
Oil, engines, and electronics are three major imports of the U.S.
Canada's major export is 'energy', and our major import is 'industrial manufacturing/equipment'. Please see Statistics Canada link below.
You should know that among developing countries, most nations in Latin America fall within a medium to high human development, with the exception of a couple of countries in Central America and the Caribbean. That being said, there are many challenges that Latin America needs to overcome in order to aspire to a high level of development, such as:Competitiveness. All countries need to improve labor and fiscal laws to increase economic opportunities, markets and foreign investment from developed countries.Security. Often overlooked by international investors, some of the countries in the region suffer from high crime rates. Demands for security have to be counterbalanced against other priority issues, like poverty or education.Education. Only 55% of Latin American children complete the first cycle of secondary education. Nowadays, in terms of reading, mathematics and writing, Latin American students qualify much lower than the lowest of OCDE countries evaluated (e.g. Turkey).Economy. While some countries within the region have implemented policy measures with the aim to increase economic output, many of them are actually stagnating in terms of economic and trade openness. Major winners include Colombia, Peru, Chile and Mexico, while the worst offenders include Venezuela, Argentina and Brazil.Environment. climate change and environmental degradation are a global issue, but Latin America is being hard hit, including hundreds of threatened species and several more already extinct, mostly due to habitat loss. Deforestation, erosion and desertification are also a present danger. Finally, pollution of soil and water sources are considered "contained" within the region, but nonetheless are a persistent issue.
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The major import for most South American countries is machinery and transport equipment, which includes vehicles, industrial machinery, and electrical equipment. Additionally, countries often import chemicals and petroleum products to support their industries and energy needs. The specific imports may vary by country, but these categories generally dominate the import landscape across the continent.
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Civilian Government replaced Military gOvernemnts in many countries
It allowed major import and exportation for several countries
Latin American countries speak Spanish because Spain was a major colonizer of Latin and South America, and vigorously imposed its language on the people living there, to a greater degree than either England or even France.
The Great Depression had a major effect on Latin America. With unemployment high in the US, exports from Latin America were at historic lows.
The economies of Latin American nations is controlled by a small group of landed elite and foreign investors. Many of the profits do not stay in the country and do not lead to the betterment overall.
Constant meddling by foreign powers, including Spain, France, England and the United States.
Mexico and Venezuela are such countries.
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Two major resources found in Latin America are petroleum and minerals. Latin America is home to some of the world's largest oil reserves, particularly in countries like Venezuela, Brazil, and Mexico. The region is also rich in minerals such as copper, silver, and gold, with countries like Chile and Peru being major producers. These resources play a significant role in the economies of many Latin American countries.