What economy does South America have?

Answer 1

South America is not one country. There are many different and independent countries. The biggest are Argentina and Brazil. Peru and Chile, Uruguay, Paruguay, Colombia are some of the smaller ones.

Each has its own type of government, but all of them are republics and have different kinds and varied degrees of democracy.

Answer 2

Because of histories of high inflation in nearly all South American countries, interest rates remain high and investment remains low. Interest rates are usually twice that of the United States. For example, interest-rates are about 22% in Venezuela and 23% in Suriname. The exception is Chile, which has been implementing free market economic policies since establishing military Dictatorship in 1973 and has been increasing its social spending since the return of democratic rule in the early 1990s. This has led to economic stability and interest rates in the low single digits. South America relies heavily on the exporting of goods and Natural Resources. On an exchange rate basis Brazil (the seventh largest economy in the world and the second largest in America) leads the way in total amount of exports at $137.8 billion dollars followed by Chile at 58.12 billion and Argentina with 46.46 billion.[34] The economic gap between the rich and poor in most South American nations is considered to be larger than in most other continents. In Venezuela, Paraguay, Bolivia and many other South American countries, the richest 20% may own over 60% of the nation's wealth, while the poorest 20% may own less than 5%. This wide gap can be seen in many large South American cities where makeshift shacks and slums lie adjacent to skyscrapers and upper-class luxury apartments.

Answer 3

Each country in South America has its own individual government - most of which are democratically elected - some are more leftist than others.

Answer 4

there is not just one government in south America, because of the many countries in it. Most of them are republics though with their own different kinds of democracy

Answer 5

no. south America has countries. look at a map !

Answer 6

demorcacy govermant