Because all of them are developing countries with a chronic dependence on developed markets as receivers of exports and providers of foreign investment.
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.
huih
workers' union
Mercantilist policies made Latin America economically dependent on Spain and Portugal
During the 1920s and 1930s, the United Fruit Company held a significant stake in the economies of several Latin American nations, particularly in Central America. The company controlled vast banana plantations and influenced local economies, politics, and infrastructure. Its activities often led to the term "banana republics," describing countries that were economically dependent on a single export and vulnerable to foreign corporate interests. This dominance also sparked political interventions by the U.S. government in the region.
Foreign companies often controlled the economies of Latin American countries
borrowe money
borrowe money
Latin America is not developed.
There's to be about 20 Latin American countries
The Latin American countries are juggling to face protection. The Latin American countries are wanting to protect their rain forests.
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.
The term "2nd world" typically refers to the former communist/socialist countries in Eastern Europe and the Soviet Union. Latin American countries are usually classified as "developing" or "emerging" economies, and are not typically referred to as "2nd world".
huih
U.S. intervention in Latin American economies
huih
huih