Final answer:
The structural problem not experienced by most underdeveloped Latin American countries is a lack of natural resources. Instead, issues like political instability, economic inequality, and corruption are the main challenges, despite the presence of ample natural resources.
Step-by-step explanation:
From the point of view of problems experienced by most underdeveloped Latin American countries, the one that is not a structural problem would be lack of natural resources. Most Latin American countries are, in fact, abundant in natural resources, but factors such as political instability, economic inequality, and corruption often hinder their ability to harness these resources effectively. Countries like the Democratic Republic of the Congo, despite being rich in resources, struggle with living standards due to political and economic issues. In Peru, Ecuador, and Bolivia, political fluctuations and instability often exacerbate issues of poverty and inequality. Macroeconomic policies that address legal and economic stability are critical for fostering an environment where domestic growth is possible and foreign investment is attracted.