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Central Factors for Development in Latin America

Introduction

The Latin culture includes both formal and informal with high and popular cultures clearly observed. Latin America is a romance speaking territory where languages such as Spanish, French and Portuguese are primarily spoken. They have a diverse population with different ancestries and many ethnic groups. All along the expansion of the capitalism in agriculture has led to the plight of many rural populations in the region. Since then relentless efforts have been extended to improve the agricultural development and curb the social unrest in order to promote and improve the deteriorating conditions of the Latin American communities. The United States has had reputable foreign policy which allows it to have a good inter-states relationship (Trubowitz 94). The policy also creates conducive environment in which America relates with the rest of the countries in the world.

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Social factors

The central factors in the development of the Latin America can be divided into three, social, economic and political factors. The social factors are further subdivided into the cultural and religious although an integration of the two is mostly observed. For a considerable time the Latin cultural belief has continued to have an impact on their working systems. For instance the majority of the Mexican communities work effectively in presence of images showing virgin of Guadalupe. The images therefore possess some motivational power upon which the believers derive their strength. The Latin American communities have a hybrid business model characterized with globalization and religious historic traditions. In most cases social differences are exhibited through a paternalistic and benevolent leadership. Such leadership styles results to large social gaps within the communities as the leaders have personal obligation to protect the interests of the subordinates even when they are on the wrong. The Latin American also highly appreciates the status within hierarchy because they believe it indicates the social class difference.

This entire social cultural believes has in the resent years been replaced by the capitalistic behavior, such behaviors are more concerned with wealth maximization in individuals and firms. There is also a break up from tradition and custom believes to embrace modernity which has in it the technological advancement. The modern technology has greatly assisted the Latin America in the development process (Goodwyn, 1978).

Economic Factors

The poor economic growth continues to greatly hamper the development strategy in the Latin America. In addition there are economic imbalances which are evidenced by the inequality and poverty rise among the communities (Inter-American Development Bank 2). The World Bank 2006 statistics showed that approximately 25% of the population lives below 2USD a day. It is because of these economic imbalances that the leaders in the Latin American countries have embarked on strong economic policies in order to improve the situation. The countries also receive a significant funding from the US federal government all which is aimed at improving the prevailing economic conditions.

Political Factors

The political change in many of the Latin American countries has positively influenced development in the region. The adoption of the democratic system of leadership has yielded accountability among the leaders. There is a transition from military governments which used to rule over most countries in the past 10-20 years and this has been replaced by democratic governments. There is multi-parties government in the majority of the Latin American states; elections transparency is also present since even the opposition parties’ win (Painter, 2005 Para. 4).

Conclusion

The adoption of a democratic style of leadership significantly contributes to the regions development as evidenced in the Latin American countries. In my own opinion some cultural and traditional believes ought to be abandoned in order to embrace modernity as it increases the development rate. The adoption of modern technology in productions also speeds up the rate of development in a given region since it increases the output level.

Works cited

Goodwyn, Lawrence. The Populist moment: a short history of the agrarian revolt in America. New York, Oxford University Press US, 1978.

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Inter-America Development Bank. Strategy for Agricultural Development in Latin American and the Caribbean. Inter-America Development Bank: Sustainable Development department. 1999.

Painter, James. Latin America faces year of change. BBC News, 2005.

Trubowitz, Peter. Defining the national interest: conflict and change in American foreign policy. University of Chicago Press. 1998.

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StudyCorgi. (2021, November 20). Central Factors for Development in Latin America. Retrieved from https://studycorgi.com/central-factors-for-development-in-latin-america/

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StudyCorgi. (2021, November 20). Central Factors for Development in Latin America. https://studycorgi.com/central-factors-for-development-in-latin-america/

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1. StudyCorgi. "Central Factors for Development in Latin America." November 20, 2021. https://studycorgi.com/central-factors-for-development-in-latin-america/.


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StudyCorgi. "Central Factors for Development in Latin America." November 20, 2021. https://studycorgi.com/central-factors-for-development-in-latin-america/.

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StudyCorgi. (2021) 'Central Factors for Development in Latin America'. 20 November.

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