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Why is it important for Latin America to diversify its economies?
Wiki User
∙ 14y ago
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.
I hope I've been helpful! ^_^
Wiki User
∙ 14y ago
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How did spanish and portuguese policies prevent their latin American colonies from developing their own economies?
Mercantilist policies made Latin America economically dependent on Spain and Portugal
What seriously weakened Latin American economies in the mid 1900s?
huih
What is one-resource economy in Latin America?
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 foreign countries building factories in Latin America?
Why are factories being built in latin America by foreign countries.
What is Chiles economy?
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.
How did Latin America develop and control their own economies?
Latin America is not developed.
What country dominated the economies of latin America after independence?
The United States.
Which of the following statements about foreign companies in Latin America was true?
Foreign companies often controlled the economies of Latin American countries
What statement is true A The Roosevelt Corollary led to US intervention in the economies of Latin America B The Roosevelt Corollary led to U S involvement in European economics C The Roosevelt?
the Roosevelt corollary led to U.S. intervention in the economies of Latin America.
Why are rivers and lakes so important to people throughout Latin America?
Rivers and Lakes are important to people throughout Latin America because their are not many road in Latin America and there are many rivers and lakes in Latin America.
How did spanish and portuguese policies prevent their latin American colonies from developing their own economies?
Mercantilist policies made Latin America economically dependent on Spain and Portugal
What are important names in Latin America?
the answer is maracaibo
Are weddings in Latin America important?
yes
Which has better economies North America or Latin America?
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).
Who are some important people in latin America?
the president
What is the most important waterway in Latin America?
The Amazonas river, in South America.
A long-lasting and rewarding source of prosperity for latin America came from?
A long-lasting and rewarding source of prosperity for Latin America came from natural resources. Precious metals, sugar, rubber, grains, coffee, copper, and oil are some of the resources that have boosted Latin American economies.
