Economy and Development
According to a recent publication by the Organization for Economic Co-Operation and Development (OECD), Mexico is the world leader in its combined overweight and obesity rates among adults, with over three-quarters of the population over 15 suffering from one of these two conditions (Mexico News Daily 2017). To make matters worse, Mexico’s obesity rates have been gradually on the rise over the past forty years. Obesity reduces both the quality of life and the life expectancy of individuals by putting individuals at higher risk for developing chronic illnesses.
This article was written as part of the course “Latin American Economic Development” offered by Professor Marla Ripoll, Department of Economic, University of Pittsburgh.
According to a 2017 IMF report, corruption in Latin America is one of the biggest hindrances
on the economy. Corruption can impede prospects for delivering sustainable and effective
growth. Many corruption cases go undocumented due to the fact that in many cases it is illegal
and very well hidden. This makes it difficult to obtain clear data for research. However, with
Completion of the Metrocable Medellin in Medellin, Colombia, more than a decade ago ushered in an alternative form of public transportation to densely populated, underserved, geographically isolated communities in Latin America. The Metrocable Medellin and its numerous predecessors are essentially gondolas that are typically associated with transportation from the bottom to top of the hill at ski resorts.
Bolivia is a landlocked country in Latin America, whose economic and cultural centers are located in remote, mountainous regions. This geography has posed challenges for economic exchanges for hundreds of years, and Bolivia is one of the poorest, least developed countries in South America. Bolivia’s stagnation in industrialization can in part be explained by the geography hypothesis delineated by Armendáriz and Larraín (2017), which postulates that forces of nature are a root cause of national poverty.
Historically, Uruguay’s top trading partners have been its two neighboring countries, Brazil and Argentina. As a member of Mercosur, the Southern Cone Common Market, composed of many Latin American nations, the Pacific bordering nation has enjoyed elite trading opportunities between the other Mercosur members (Australian Government).