Question

Why did many economies in Central and South America develop as export-based economies?

They were small countries located near several large countries.
They were colonies that had raw materials that large nations wanted.
They were independent nations that needed to make money any way they could.
They were large countries that made finished products that other countries needed.

Answer 1

they were colonies that had raw materials that large Nations wanted.

Step-by-step explanation:

When Europe and the United States experienced an increase of industrialization, they realized the value of the raw materials in Latin America, which caused Latin American countries to move towards export economies.