Oil-Producing Countries

Posted January 28th, 2011 by Bryan

Similarly, oil-producing countries like Venezuela, Mexico and Brazil, also experienced a sharp decline in profits from the sale of crude oil, which also noted declines in international prices, details the academic. The collapse in the price of raw materials, also must add the child volume of Latin American exports to the United States and other countries, provides Victor Salas, professor of economics at the University of Santiago de Chile (USACH). Added to this is also, besides which one to trade dependency with the United States, as quoted by Guillermo Paraje, a professor of Business School of Universidad Adolfo Ibanez, Chile, Latin America has long been an imbalance that operates as a trigger poverty: the poor distribution of income. a For its part, Paraje notes that Latin America is the region with the worst income distribution in the world and the great inequality existing social and economic conditions affecting the population's access to education, training and specialization. In short, he says, a Oeno there are strategies to develop adequate human capital. In contrast, Latin America continues its focus on natural resource exploitation and when prices rise, so good, but when they fall the economies of the region suffer a lot.

Consequently, if the cake is badly divided and grows a little more over, many people will have starved . a According to Victor Salas, Chile, the level of unemployment for the first time in several years, reached double digits (10.8%) during the second quarter of 2009th . In fact, recently, the Organization for Economic Cooperation and Development (OECD) warned in a report to the Government of Chile, the country was one that recorded the largest gap in wages, stating that 10% of segment rich population have incomes 29 times higher compared to 10% poorest.

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