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South America - Economy | | South America - Economy: Encyclopedia II - South America - Economy | | As of 2002, South America's unemployment rate was 10.8 percent.
Due to histories of high inflation in nearly all South American countries, interest rates and thus investment remain high and low, respectively. Interest rates are usually double that of the United States. For example, interest rates are about 22 percent in Venezuela and 23 percent in Suriname. The exception is Chile, which had a head start from 1973 under Augusto Pinochet.
The South American Community of Nations is a planned continent-wide free trade zone to unite two existing free-trade organizat ...
See also:South America, South America - Geography, South America - History, South America - Chavín, South America - Inca, South America - European colonization, South America - Independence, South America - Recent history, South America - Economy, South America - Culture, South America - People, South America - Mestizos, South America - African ancestry, South America - Territories and divisions, South America - Clarification | | | South America, South America - African ancestry, South America - Chavín, South America - Clarification, South America - Culture, South America - Economy, South America - European colonization, South America - Geography, South America - History, South America - Inca, South America - Independence, South America - Mestizos, South America - People, South America - Recent history, South America - Territories and divisions, CONMEBOL, Economy of South America, Latin America, History of the Americas, South American Community of Nations | | |
| | | South America: Encyclopedia II - South America - Economy
South America - Economy
As of 2002, South America's unemployment rate was 10.8 percent.
Due to histories of high inflation in nearly all South American countries, interest rates and thus investment remain high and low, respectively. Interest rates are usually double that of the United States. For example, interest rates are about 22 percent in Venezuela and 23 percent in Suriname. The exception is Chile, which had a head start from 1973 under Augusto Pinochet.
The South American Community of Nations is a planned continent-wide free trade zone to unite two existing free-trade organizations—Mercosur and the Andean Community.
In South America, the gap between the rich and the poor is tremendous. In Venezuela, Paraguay, Brazil, and many other South American countries, the richest 20 percent may own over 60 percent of the nation's wealth, while the poorest 20 percent may own less than 5 percent. This wide gap can be seen in many large South American cities where makeshift shacks and slums lie next to skyscrapers and upper-class luxury apartments.
Other related archives1438, 1494, 1530s, 1533, 16th century, 1822, 1970s, 1980s, 1990s, 19th century, 2005, 20th century, 21st century, Africa, Africans, Amazon River, Americas, Amerigo Vespucci, Amerindian, Andean Community, Andean States, Andes, Antarctica, Argentina, As of 2002, Asia, Atacama, Atlantic Ocean, Augusto Pinochet, Awá, Aymara, Aymará, Bahia, Banawa, Belize, Bering, Bering Land Bridge, Bolivia, Brazil, CONMEBOL, Caiapos, Cape Verde Islands, Caribbean, Caribbean South America, Catholic Church, Central American, Centre Spatial Guyanais, Chavín, Chavín de Huantar, Chile, Christianity, Cold War, Colombia, Cusco, Dom João VI, Dom Pedro I, Dutch, Earth, East Indies, Eastern South America, Economy of South America, Ecuador, Emperor, English, English-speaking, Enxet, Europe, European, European Union, European descendants, France, French, French Guiana, Ge, German, Germanic, Great American Interchange, Guarani, Guaraní, Guianas, Guyana, Hindi, Hinduism, History of the Americas, Inca civilization, Incas, Indian, Indigenous peoples, Indonesian, International indebtedness, Islam, Isthmus of Panama, Italian, Italy, Jamaica, José de San Martín, Juris, La Paz, Latin, Latin America, Latin Americans, Latin peoples, Mapuche, Mercosur, Mestizo, Mexico, Monroe Doctrine, Mulato, Nahuatl, Natives, New World, North America, Pacific Ocean, Panama, Paraguay, Patagonia, Peru, Portugal, Portuguese, Portuguese expansion of Brazil, Protestants, Quechua, Quechuas, Roman Catholicism, Santiago, Shining Path, Simon Bolivar, South American Community of Nations, South American Wars of Independence, South Georgia and the South Sandwich Islands, Southern Cone, Spain, Spanish, Sucre, Suriname, Terrace farming, Treaty of Tordesillas, Trinidad and Tobago, Túpac Amaru Revolutionary Movement, U.S., United Kingdom, Uruguay, Valparaíso, Venezuela, War of the Pacific, War of the Triple Alliance, West Indies, Xucuru, Zambo, Zaparos, area, conquistadors, continent, continents, copper, cumbia, duopoly, free trade zone, free-trade, haciendas, influenza, iron, islands, king, km², leagues, longitude, lusophones, mammals, measles, meridian, mita, native populations, oil, one or both of, parrots, population, rain forest, samba, slaves, smallpox, snakes, spaceport, sq mi, strait, subcontinents, supercontinent, tango, tarantulas, the Americas, tin, typhus
 Adapted from the Wikipedia article "Economy", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki |
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