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The economies of latin american countries have primarily been based on

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exporting raw materials and importing Finnish goods
User Benhsu
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4 votes

Answer:

Exporting raw materials

Step-by-step explanation:

Exporting raw materials like oil, many kinds of crops, cacao, sugar, are some of the top ingredients that are aboundant in Latin America.

The countries lack of infrastructure and underdevelopment still is present and historically the countries served as providers of raw materials in exchange for manufactured goods. The dependency theory criticizes mainly this, but some efforts are being done in order to change this.

Worldwide energy demands make Latin America a constant provider of oil in countries like (Mexico and Venezuela) the GDP accounts for a high sum.

User Chisophugis
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