Best answer: Which country is rich in Latin America?

What is the best country in Latin America?

1. Mexico. This Central American country got the best scores in all of Latin America, ranking at 47 on the global list. Reforms made by the government during the past year helped this country move up the ranking.

What is the poorest South American country?

Here are the 10 poorest countries in South America: Montserrat ($62.05 Mn) Anguilla ($337.52 Mn)

Poorest Countries In South America 2021.

Country Bolivia
GDP (IMF ’19) $43.69 Bn
GDP (UN ’16) $33.81 Bn
Per Capita $33.81 Bn

Why is Latin America not developed?

No country in Latin America can be named developed, although a few are higher-middle income. One important reason for this large gap is protectionism. … During this period, East Asia was fully into export promotion, tax incentives to exporters, low trade barriers, less protectionism, and fewer controls and regulations.

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