Table of contents | |
Internal Factors | |
Political Instability and Development Models in Latin America | |
Agriculture-Based Economy | |
Social Issues in Latin America | |
External Factors |
Lack of Well-Defined Boundaries:
Vacillating Communities:
Lack of Democratic Traditions:
Corruption:
Political Instability:
Development Models:
After gaining independence in the early 19th century, Latin American countries initially adopted a development model focused on exporting primary products. However, this model underwent significant changes over the years.
Comparative Advantage vs. Industrial Restructuring:
Many Latin American countries struggle with international competitiveness. One major factor is the lack of technological innovation, primarily due to insufficient research and development (R&D) capacity. The education system in Latin America has two significant flaws:
Latin America also ranks low in terms of the proportion of R&D expenditure in GDP, which contributes to its limited international competitiveness.
Political and Economic Interference by the USA (Neo-Imperialism):
U.S. Economic Situation:
Prices for Primary Products:
Foreign Capital:
China and India:
Globalization:
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1. What are the main internal factors affecting political stability in Latin America? |
2. How does an agriculture-based economy impact development in Latin America? |
3. What are some significant social issues faced by Latin American countries? |
4. How do external factors constrain development in Latin America? |
5. What development models have been adopted in Latin America in response to political instability? |
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