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Economic decline in Latin America - Coggle Diagram
Economic decline in Latin America
Countries
Chile
Social explosion that left 2 billion in economic damage
Unmet expectations, class conflicts and well planned activism.
Best long-term economic record
Mexico
Second largest economy of the region
leftist ideology government
Crony capitalism
Drug cartels
Colombia
Low popularity of the government
Guerrila y narcotrafico
Brazil
Turn from a dysfunctional populist Brazil into the free, orderly and prosperous country that is hoped for by many
Depends of the economis policies implemented
Argentina
Third largest economy with continuous decline
Increasing taxes, more spending, more controls
Peru
Most of its ex-presidents have been indicted, one committed suicide, and the current one, Martín Vizcarra, recently dissolved Congress.
Why?
Covid - 19
Weak rule of law
Internal Insecurities
Culture
Strategy
Foreign influences
Corruption
Latin American economy grew only at a 0.1% rate and is expected to grow only 1.4% in 2020
Latin Americans buy four times more goods from the United States than the Chinese do
The countries motiones represents more than 85% of the Latin American economy
In addition to economic issues we have political and social troubles.