Final answer:
Competing ideologies in South America can help explain why intraregional trade is yielding more benefits.
Step-by-step explanation:
True. Competing ideologies in South America can help explain why intraregional trade is yielding more benefits.
South America has been historically fragmented by European colonialism, which has hindered the creation of an integrated continental trade network. The establishment of globalized trading blocs like the European Union and NAFTA have presented challenges for South American countries in terms of maximizing trading opportunities and protecting their own economic interests.
Additionally, low-income countries tend to benefit more from trade than high-income countries. Smaller national economies in regions like Latin America have limited possibilities for trade within their countries or immediate regions, making intraregional trade even more essential for their economic development.