How did industrialization affect Latin America?

Decimated populations, diminished herds of livestock, flooded or closed silver mines, shrinking international trade, investment capital and empty national treasuries were among the conditions under which Latin American faced. …

Why did South America not develop like North America?

Steep mountains and tropical forests made land transport difficult to impossible. They led to the fragmentation of the Spanish New World empire into many, mostly relatively small countries and hindered the development of trade both between and within countries.

What are the roots of Latin America’s economic development?

In a new book, The Economics of Contemporary Latin America , Beatriz Armendáriz and Felipe Larraín analyze the historical roots of Latin America’s economic and social development dating back to the colonial times.

Why are Asian countries more successful than Latin America?

In contrast to Latin America, Asian countries also had a stable macroeconomic environment during this time—smaller fiscal deficit (sometimes surpluses) and low and stable inflation rates. Asian economies also avoided overvalued currencies, something that Latin America was unable to do. But there have been a few success stories in Latin America.

What happened to Latin America?

Most of Latin America experienced slow or negative economic growth, together with inflation; indeed, hyperinflation was the rule in Argentina and Brazil and in some smaller countries. Real wages fell everywhere except Colombia and Chile.

How many Latin Americans are there in Canada?

According to Statistics Canada there were almost 250 000 Latin Americans in Canada in 2001, and by 2006 their numbers had grown to over 527 000. The growth of this segment of the population is due to immigration; the majority of people of Latin American origins report being born outside Canada.

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