Question: What are the primary industries that make up Latin Americas Economy and what challenges are those industries facing? How can Latin American countries improve their citizens living conditions?
Central America
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Peru is the leading exporter of metals and minerals. This type of economy has even passed their own agricultural based economy.
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Peru
Costa Rica
Sugar Cane is one of the most important resources in Costa Rica.Some obstacles/challenges that Costa Rica is facing economically are that the government is spending more money than they are receiving through taxes.
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idk
Peru's land is not really suitable for agriculture because of its erratic precipitation and rugged land. Even if crops do manage to grow, most of it is sold to the local people and not exported.
The Pampas in Argentina is South America's major crop-growing region. It is also the grazing ground for cattle, another valuable export. Altogether, it covers about 295,000 square miles in the northern half of the country, nearly a quarter of Argentina's land area.
Brazil
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Cattle grazing takes place in the Dry Pampas in the West. During the colonial period in the 1800s, the Spanish imported horses, cattle, and sheep for the mestizo cowboys, or gauchos, to herd. Today, this industry contributes greatly to the regions' economic prosperity.
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South America:
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Chile is a long, narrow country in the western coast of South America. Because of this, farmers in central Chile took advantage of this and grew a rich mix of crops. Such examples are grapes, peaches, apples, and olives.
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Chile owns a thriving wine industry that depends on the many varieties of grapes that grow in their vineyards. They also are a major exporter of olive oils that have increased drastically since the 1990s and 2000s.
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Chile
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Argentina and The Pampas
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Many South American countries like the previous four can improve their citizens living conditions by creating stable governments and having more open spots. (More job opportunities that pay more)
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costa rica has lots of turism tourism in Costa Rica causes problems with in the habitats of animals and plants living there. Because of tourism half of Costa Rica's monkey population is gone. And rain forests are growing smaller. With all the pollution tourist have most if it gets into the ocean and harms the leatherback turtles living there.
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agriculture is a primary recourse By 2019, the agricultural shares of employment nationally had fallen to 31% (Guatemala), 29% (Honduras), and 16% (El Salvador). this has made it hard.
mining is another industry. The lack of infrastructure in countries such as Guyana is hampering large-scale mineral development and is a significant source of frustration for mining operators.
Guatamala
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Guatemala's economy consists of bananas, coffee, and sugar. Guatemala's leading export is agricultural products such as coffee and bananas.
It is the foremost, global coffee producer and grows one-third of the world's total number of coffee beans. Brazil is also one of the leading exporters of sugarcane and raw sugar. Brazil's manufacturing industry is central to the country's economic strength and is the global leader of the production of biofuel.
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Though agricultural production is a source of growth for the economy, copper remains Chile's most valuable export. The agricultural exports only helped Chile diversify its economy and not depend on copper. Diverse economies tend to be more stronger and more competitive.
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Dominican Republic
Their main produce is sugar, coffee , and gold. They mainly export cacao which is chocolate in its most natural form.
Chile is a leading exporter of silver
Living Conditions
There are lots of poverty, corruption, unemployment, and a not much of a stable future
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Agriculture abounds in the Wet Pampas in the East. It is also known as the humid zone, where nearly 40 inches of rain falls on average each year. Soybeans have been known to be very profitable in Argentina because they can be grown for both food and also industrial products such as plastics, inks, and adhesives. They also can grow quickly and don't need as much fertilizer, which saves more money. Today, this industry also contributes greatly to the regions' economic prosperity.
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Brazil mainly exports bananas, oranges, mangoes, cacao beans, soybeans, rice, cashew nuts, pineapples, mahogany, leather, beef, iron ore, bauxite, gold, copper, diamonds, sugarcane, and sugar. It is also the foremost, global coffee producer and grows one-third of the world's total number of coffee beans. Brazil is also one of the leading exporters of sugarcane and raw sugar.
Brazil is the largest and most populous country in South America with many different exports.
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It is the foremost, global coffee producer and grows one-third of the world's total number of coffee beans. Brazil is also one of the leading exporters of sugarcane and raw sugar. Brazil's manufacturing industry is central to the country's economic strength and is the global leader of the production of biofuel.
Peru's mining company mainly uses silver, zinc, lead, copper, tin, and gold. Copper is used for wire, lead is used for automobile batteries, and gold is used for jewelry and/or electric parts. These exports alone supply nearly two-thirds of Peru's total export revenue.
Peru's mining company mainly uses silver, zinc, lead, copper, tin, and gold. Copper is used for wire, lead is used for automobile batteries, and gold is used for jewelry and/or electric parts. These exports alone supply nearly two-thirds of Peru's total export revenue.
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Agriculture abounds in the Wet Pampas in the East. It is also known as the humid zone, where nearly 40 inches of rain falls on average each year. Soybeans have been known to be very profitable in Argentina because they can be grown for both food and also industrial products such as plastics, inks, and adhesives. They also can grow quickly and don't need as much fertilizer, which saves more money. Today, this industry also contributes greatly to the regions' economic prosperity.