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-This regions has highest income inequality
Economic Conditions: shown economic growth through Import Substitution Industrialization. Successful for 20 years.
Ended up failing, LA had to depend heavily on borrowing foreign commercial bank loans. Accumulated ALOT of foreign debt.
Politics and Human Rights: authoritarian governments dominated history.
Recently very democratic, but imperfect. (presidential systems)
-not pluralistic - dominated by elite, which partly explains high degree of inequality.
-deforestation of amazon river valley
-economic growth has been strong -however much has come from high world commodity prices
- Social problems have incurred immense damages to the region’s socioeconomic development.
Latin America has been suffering from the grave social problem for a long time.
Mexico : multiple massacres in history and the recent one on student.
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