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South America. Economy. The middle class of South America has increased by 50% in 10 years, a sharp contrast from the mass poverty due to turmoil from the Cold War and lack of infrastructure. Trade with China, Japan, Germany, and India is very high. List of Countries by Wealth(GDP).
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Economy • The middle class of South America has increased by 50% in 10 years, a sharp contrast from the mass poverty due to turmoil from the Cold War and lack of infrastructure. • Trade with China, Japan, Germany, and India is very high.
South American Exports • As a whole, South America is a large exporter of minerals such as copper, zinc, gold, and iron • Oil is exported from Venezuela and Brazil • South America also produces high amounts of agricultural products, such as beef, dairy, coffee, cocoa, rice, wheat, potatoes, etc.
Noteworthy Leaders • Hugo Chavez- Venezuelan president who has encountered friction with the U.S. over his questionable politics • Cristina Fernández de Kirchner- First female and current president of Argentina • SebastiánPiñera- President of Chile • DilmaRousseff- First female/current pres. Of brazil • OllantaHumala- President of Peru
Recent Events in South America • Cuba finally opens up its agriculture, particularly sugar, to foreign investors, Particularly a Brazilian company • Wars on drug cartels have been going on in several South American countries, particularly Colombia, Brazil, and Bolivia, which have caused penetration into the bordering countries, especially Ecuador, which has seized scores of tons of contraband. The most widely circulated drugs are marijuana, heroin, and cocaine. • Venezuela has been threatening to withdraw its oil being sent to America due to American calls for less dependence on foreign oil