When borders don't matter: development and global culture - North and South, rich and poor - Latin America
3 important questions on When borders don't matter: development and global culture - North and South, rich and poor - Latin America
What did the economies of Latin America depend on in the nineteenth century?
- During the course of the nineteenth century, the economies of Latin America were heavily dependent upon the overseas export of primary products.
- Brazilian, Colombian, and Cuban coffee; Argentinian beef; Chilean copper; and Guatemalan bananas were sold to Europeans and North Americans, while large companies based in the US won control over production in a variety of sectors.
What policy did most leaders in Latin America favor?
Most leaders on the continent, irrespective of their political orientation, favored a policy of import substitution as the best road to further industrialization and economic autonomy.
What economic trends were there in the 1970s in Latin America?
- At the end of the 1970s, manufacturing in Argentina, Brazil, Uruguay, and Mexico assumed one-quarter of each country's GNP, and the future looked promising.
- The other significant trend during the 1960s and 1970s involved Latin America's decreased dependence on the US as a trade partner.
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