Paper Topic:

In your opinion, describe the economic, social and political reality of Latin America

The Economic , Social , and Political Reality of Latin America

The Latin American region of the globe has been well known all over the world due to the various characteristics of its countries as well as the controversial issues that is observable in this region . In the past Latin America captured the world 's attention through the historical experiences that they have with their foreign colonizers that affected not only its political aspect but also in terms of the economic and social situations of the region . On the other hand , the present situation

of Latin American countries might have change as compared before but there are still factors that are continuously and persistently observable

It is the aim of this to identify the economic , social , and political reality of Latin America . In doing so , the will discuss the present situation of this region with regards to these three aforementioned aspects . A brief comparison of the past and current state of this region will also be given consideration . The succeeding paragraphs will further explain the previously mentioned points

Economic Reality

Foreign colonizers control the economic history of Latin America Different invaders reign in the various countries in the Latin American region . Their presence in these countries also entails that they exercised their authority in controlling the major activities like the economy of Latin America . The economy of this region is greatly dependent upon natural resources . These resources include the production of agricultural products and the excavation of various minerals Examples of countries that adhere to such are Brazil that capitalizes in the production of coffee and Chile whose economy is greatly dependent in the copper industry

Nevertheless , the income obtain from the utilization of these natural resources are not appropriated for the benefits of the citizens but rather the colonizers enjoy all the fruits of Latin America 's economy while they left the native people to suffer in poverty . The natural resources of the region were exploited during that time and were used for the advantage of foreign invaders and their motherland . Furthermore the political turmoil that is characterized by violent revolution also contributed to the economic decline of the region

Currently , there is an observable growth in the economy of Latin America . The region 's economy appears to be strong that are exemplified by low interest rates , high prices of raw materials as well as a phase of growth that is often compared to the Asian countries ' tiger economy Moreover , liquidity is observable with emerging markets together with investors that are interested by higher yields . China 's development also contributes to the economic growth of Latin America as they import large amounts of soy , iron , and copper from the region during the inflation of oil and gas prices . According to Javier Santiso (2007 , the Chief Development Economist and Deputy Director of OECD Development Centre all these observable factors that are happening in the economy of the region only means that for the first time in nearly half a century...

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