Impact of Colonialism on Latin America

Most governments in these regions move scotch growth and industrialization through import substitution, defend their domestic economies from international competition. As a result, they priced their own exports come to the fore of mankind markets and stunted the growth of new, internationally competitive businesses. In the case of the developed countries, mess increased because they made it easier to trade among themselves, which has only recently been a feature of the Latin American region. Nationalism and statism caused the countries to retreat into anti-imperialism, developing a reticence to unfold themselves and their markets to the rest of the world while other countries were eagerly suit of clothes and developing world trade.

In the two centuries of Latin America's foundation as independent republics, an institutional and political order has followed a path of constant swings from isolationism to protectionism to present goal of integration into the world commu

ity and anticipated opportunities that will bring.

Latin America is a region full of promise and contrasts with a head to head competition between globalization and nationalism, the colonial and political past and the hopes for the future, the haves and the have-nots, capitalism and communism, literature and high-technology, markets and governments. The reform of the economic structure of various countries has been accompanied by widespread complaisant problems. The problem is not that Latin America has adopted the upon course in looking away from the limitations of its dependent colonial mentality and history, but that the colonial past is entrenched in the culture, economy and politics of the region, making it continent of inadequate and dissatisfactory fulfillment of its development potential.

These relationships have had effects in some(prenominal) the economic and political spheres. Many people in Latin American countries had an idea of what they believed a marke
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