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Latin America is a region composed of many countries. As such, each individual country has a different kind of government and economy. Some examples include:

  • Mexico: Federal Republic; Export-oriented economy
  • Cuba: Communist State; tourism-oriented economy
  • Brazil: Federal Republic; resource-oriented economy
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Q: What can be said about the current economy and government of Latin America?
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Related questions

What kind of government does Latin America have?

Latin America is a region and does not have a government. The individual countries that are in Latin America have democracies for the most part.


Does most of Latin America have a market economy?

yes


What country in Latin America has the best economy?

Brazil


Who has the largest economy in latin america?

Brazil does (2.1 trillion)


What country has the worst economy in latin America?

probably Ecuador


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Because they were counted as part of the European economy. At the time, Latin America was a colony of the Spanish, French and Portuguese empires.


What country made most of their money in Latin America?

Brazil is the largest economy in Latin America, in terms of volume (US$2.09 trillion)


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They are mostly a farming economy and if the weather is bad it effects the plants.


Which statement best describes the economy in Latin America during the colonial times?

European nations practiced a mercantilistic system in latin America


Who is the king of Colombia?

Colombia is a country, and it was one of the first in Latin/Soulth America that had a democratically elected government. The current president is Álvaro Uribe Vélez


What is Mexicos Economy in Latin America?

It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.


Does Bolivia have a strong or weak economy?

Bolivia is the poorest country in Latin America