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14 July, 23:08

Why has reliying on one crop or resource presented an economic problem for many Latin America nations? How have these nations try to solve these problems?

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  1. 15 July, 02:48
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    relying on a resource economy is risky especially when a prices could go down, natural disaster could occur or diseases could destroy your main export and economy; then the country would have nothing to rely on (sell). The workers would no longer have a job and the economy would crash. Nation are trying to diversify their exports to prevent this from happening.
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