why did none of the latin countries in America succeed like the english ones?
In: Economics
Chile is arguably more successful than Guyana or Belize so I’m not sure your premise is correct.
But generally speaking it’s because they didn’t industrialize to the extent that the US or Canada (or even Mexico) did. The US got a head start on the industrial revolution and became the ‘arsenal of democracy’ during the 2 world wars due to their ability to reliably produce wartime equipment in high quantities. This industrial capacity then kickstarted the baby boom era of consumer goods.
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