What are some of the obsticals to industrial developement in Latin America?

Answer 1

Most major industries in Latin America is run by another country. For instance, oil is found in a Latin American country. Since there is no real funding to start a company to get the oil, they sell the rights to an overseas company. This company gives some money back to the country but the real profits are gained by the overseas company.

Another obstacle would be lack of real capital (money to start a company), and the need to borrow from other countries. Now the country that loaned the money want considerations from the Latin American country.

For more information look at a few American documents that deal with this. The Roosevelt Corollary,and The Monroe Doctrine

Answer 2

The biggest obstacle is weak property law. Once a company has gotten successful, the government goes and nationalizes it or taxes it to death.

The second problem is corruption. To keep from being nationalized or taxed to death, you have to pay off officials.

Other than that, it's great!

Answer 3

corruption.