Since 1826, Chile has been recognized as a country independent from Spain’s rule, however, Chile continues to suffer from the effects of colonialism. Currently, Chile as well as most of Latin America is a part of the “Global South” . The Global South consist of underdeveloped countries that rely on the exportation of raw materials for sustainability. Having an economy dependent on the world market is highly susceptible to the success and failure of international markets. For example, during the Frei administration the prices for copper began to decline. The price drop was detrimental to Chile because the economy “depended on copper exports for 80% of its foreign exchange earnings” . Many modernization theorists suggest that traditions, inherited
