Which of the following factors have contributed to the lack of economic growth in Latin America?
I. lack of natural resources
II. high rates of savings that led to insufficient consumption of goods and services
III. political instability

Question

Quizplus · Accepted Answer

Political instability has been a major factor contributing to the lack of economic growth in Latin America. The region has experienced frequent political crises, such as coups, dictatorships, and corruption scandals, which have undermined investor confidence, disrupted economic policies, and impeded long-term planning. Lack of natural resources and high savings rates are not significant factors as Latin America is rich in natural resources, and savings rates are not necessarily detrimental to economic growth but can be used for investment.

Which of the Following Factors Have Contributed to the Lack