How did dependence on exports affect Latin American economies?
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Answer:
Most of the events that led to the Latin American Revolution were begun because of the Spainish colonization and conquering of the Latin American people. These events were: Spain setting up colonies in the Americas. Creoles and Mestizos grow discontented with the Spanish rule.
Immediate effects of the revolutions included freedom and independence for the people of the liberated countries. However, in the long term, poor governance of the liberated countries led to instability and increasing poverty in those areas.
A slowdown in growth due to an inability to achieve continuous improvements in competitiveness and productivity;
the poor quality of education and the slow transfer of knowledge and innovative ideas; and
excessive inequality and lack of social protection.
Seat sector for their economic well-being, the fall in commodity prices and the lack of increase in the non-export sector left them in a weak position.
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