Answer:
Latin American countries have implemented a range of economic policies in an effort to cope with poverty and economic hardships. Some of the changes that have been made include:
Implementing structural reforms: Many Latin American countries have implemented structural reforms, such as liberalizing trade, deregulation, and privatization, in an effort to stimulate economic growth and reduce poverty.
Increasing social spending: Some countries have increased social spending in an effort to provide more support to poor and vulnerable groups. This can include programs such as cash transfers, education, and healthcare.
Promoting export-led growth: Many Latin American countries have focused on increasing exports as a way to stimulate economic growth. This can include exporting natural resources, manufacturing goods, and agricultural products.
Developing infrastructure: Some countries have made efforts to improve infrastructure, such as roads, ports, and telecommunications, in an effort to increase connectivity and facilitate economic development.
Reducing corruption: Many Latin American countries have made efforts to reduce corruption, which can drain resources and undermine economic development. This can include implementing stronger oversight and increasing transparency in government.