Title: Latin American economy - Wikipedia
Headings: Latin American economy
Latin American economy
Contents
History
Pre–European contact
Civilizations in Mexico and the Andes
Tribute and trade
Record keeping
Circum-Caribbean, Amazonia, and peripheral areas
Colonial era and Independence (ca. 1500–1850)
Spanish conquest and the Caribbean economy
Silver, extraction, and labor systems
Sugar, slavery, and plantations
The development of the colonial economy
Manufactured goods
Transatlantic and transpacific trade in a closed system
Economic impact of independence
Early Post-Independence (1830–1870)
Obstacles to economic growth
Role of foreign powers
Export Booms (1870–1914)
Favorable Government Policies
Transportation and Communication
Export commodities
Guano
Sugar
Wheat
Coffee
Rubber
Petroleum
Mining
Environmental degradation
Immigration and Labor
New Order emerging (1914–1945)
Impact of World War I
Transportation
Banking systems
Manufacturing for a domestic market
Impact of the Great Depression
World War II
Changing role of the state, 1945–73
Social changes
Economic nationalism
New Institutional frameworks for economic development
Impact of the Cuban Revolution
1960s–1970s
Reorientations 1970s–2000s
Washington Consensus
Economic cooperation and free trade agreements
Migration and remittances
Corruption
Economic sectors
Main trading partners
Sectors by industry
Agriculture
Mining and petroleum
Manufacturing
Gallery
Financial
Infrastructure
Energy
Brazil
Main economies in the current era
Brazil
Argentina
Colombia
Mexico
Chile
Foreign investment
Brazil
Argentina
Colombia
Mexico
Chile
Regional risks
Currency risks
Trade uncertainty
See also
References
Further reading

Content: Latin American economy - Wikipedia
Latin American economy
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Overview of the economy of Latin American
Map of Latin America showing modern political divisions
Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires. Up until independence in the early nineteenth century, colonial Latin American regional economies thrived and worked things out. Many parts of the region had favorable factor endowments of deposits of precious metals, mainly silver, or tropical climatic conditions and locations near coasts that allowed for the development of cane sugar plantations. In the nineteenth century following independence, many economies of Latin America declined. In the late nineteenth century, much of Latin America was integrated into the world economy as an exporter of commodities. Foreign capital investment, construction of infrastructure, such as railroads, growth in the labor sector with immigration from abroad, strengthening of institutions, and expansion of education aided industrial growth and economic expansion. A number of regions have thriving economies, but "poverty and inequality have been deeply rooted in Latin American societies since the early colonial era." As of 2016, the population of Latin America is 633 million people and the total gross domestic product of Latin America in 2015 was 5.3 trillion USD.