In 1516 Juan Díaz de Solis discovered Argentina, in the following period the country slowly developed under Spanish colonial rule. Buenos Aires was founded in 1580, and cattle farming developed into an important industry in Argentina from 1600 onwards. The invasion of British forces in 1806/1807 was repulsed and after Napoleon conquered Spain (1808) the… Read More »
The business The main purpose of the World Bank is to promote sustainable economic growth in order to reduce poverty in the recipient countries. This is done by offering loans and guarantees, as well as providing support in the form of analysis and advice. The bank is the world’s largest financier of development aid. Projects… Read More »
Suspension bridges, motorway bridges, pedestrian bridges – there are many types of bridges, but which bridges are the most dangerous and where can they be found? 10th place – the “Indoboard Bridge” (Indonesia) This bridge has to be listed among the top ten most dangerous bridges in the world, because as its name suggests, it… Read More »
According to Countryaah, Venezuela’s economy is heavily dominated by oil production, and for a long time in the 20th century the country was the world’s largest exporter of oil. This has created a strong alignment of business and oil dependency for both the state and business, which has historically made the economy in the country… Read More »
According to abbreviationfinder, UY is the 2 letter abbreviation for the country of Uruguay. Business Uruguay is traditionally an agricultural country, mainly focused on livestock farming. Low world demand for the country’s export goods, mainly meat, and high interest rates led to reduced exports in the 1980s. This, together with the burdensome external debt, forced… Read More »
According to abbreviationfinder, SR is the 2 letter abbreviation for the country of Suriname. Economic policy has tended to be so expansionist that it has led to large deficits in the state budget and balance of payments and high inflation (23.8% in 2003). A more restrictive and liberalizing policy was attempted from 1993, but it… Read More »
Attractions in Rio de Janeiro No one should doubt that there are not enough sights and attractions in and near mighty Rio de Janeiro. As elsewhere in Brazil you will find fantastic scenery and beaches of course. But Rio also has culture and city, as well as one of the world’s most famous statues! See… Read More »
According to abbreviationfinder, PE is the 2 letter abbreviation for the country of Peru. Business Following a crisis in the 1980s, a rigorous stabilization and restructuring program was introduced during the 1990s with comprehensive economic reforms, such as the privatization of virtually all state-owned companies, liberalization of markets, creation of a freer and safer investment… Read More »
According to abbreviationfinder, PY is the 2 letter abbreviation for the country of Paraguay. Paraguay is a developing country with agriculture, trade and light industry as the main trade routes. Much of the economic activity in the country takes place on an informal basis. Among other things, poor border control and corruption makes re-export of… Read More »
According to abbreviationfinder, GY is the 2 letter abbreviation for the country of Guyana. Business During the 1970s, large parts of Guyana’s business were nationalized, such as the mining and sugar industries that dominated for many years. However, economic problems in the form of rising oil prices and falling bauxite and sugar prices led to… Read More »
According to abbreviationfinder, EC is the 2 letter abbreviation for the country of Ecuador. Business Despite rich resources, Ecuador is a relatively poor country. The country’s economy is highly dependent on a few export goods (oil and bananas) and therefore very sensitive to changes in the world market price of these. In the 1970s, oil… Read More »
According to abbreviationfinder, CO is the 2 letter abbreviation for the country of Colombia. Like most other Latin American countries, Colombia has since 1989 liberalized its economic policy through free trade agreements with neighboring countries, facilitating foreign capital and a more and more market-oriented domestic policy. Expanding oil recovery and some diversification of business have… Read More »
According to abbreviationfinder, CI is the 2 letter abbreviation for the country of Chile. Business In Chile, there is a partly extreme market economy, combined with some state enterprise. The military regime returned the activities of the Allende government socialized into private ownership. Private investment, especially of foreign capital, has been encouraged in order to… Read More »
Colonization is taking off According to Countryaah, over time, two forms of agricultural production developed. Partly the cleared fields, granjas, and the large plantations, fazendas that grew export crops – especially sugar cane. Despite the favorable conditions, it took a long time for the plantations to become truly profitable. It was due to the lack… Read More »
According to abbreviationfinder, BO is the 2 letter abbreviation for the country of Bolivia. Agriculture Agriculture employs approx. 45% of the workforce and 15% of GDP. The industry is mostly run by traditional and labor-intensive methods, with low mechanization and low productivity. Bolivia has small areas suitable for cultivation and most of this is on… Read More »
According to abbreviationfinder, AR is the 2 letter abbreviation for the country of Argentina. Business Argentina, which has significant and export-oriented agriculture as well as a diversified industry, is Latin America’s third largest economy after Brazil and Mexico. Although the country’s share of the continent’s total GDP has fallen somewhat since the 1970s, partly due… Read More »
Economy From the early 1980s, South America experienced a severe debt crisis, which diminished the ability of countries to pursue independent economic policies. The rise in oil prices from 1972 and easy access to loans led to a 15-fold increase in Latin American debt abroad during this decade. After that, the loan sources disappeared; When… Read More »