Development in Latin America has been a slow and steady process for many decades. Furthermore, many of the countries in Latin America have failed to become close to matching the United States in terms of political, social, and economic development, although it is very difficult to match the United States those areas. In this paper, two countries in Latin America will be closely examined: Chile and Paraguay. This paper will provide the reader a detailed analysis of each of the countries' political, social, and economic development over the past two decades.
From a topical view, Chile has done much better than Paraguay in terms of political, social, and economic development since 1989. Chile, for example, has been slightly more politically free than that of Paraguay since 1989. Furthermore, Chile has consistently been ranked as one of the least corrupt nations in the world; Chile is very comparable to the United States, in fact. Paraguay, on the other hand, has consistently been ranked as one of the most corrupt nations in the world. With Chile's high marks in political freedoms, the country does poorly compared to Paraguay in income distribution and equality. Chile is also far more advanced economically than Paraguay.
[...] This paper has given historical data of the two countries' political, social, and economic pasts of the last two decades. This paper also showed the reader an overview of Chile's and Paraguay's HDI scores. As stated previously, the following figures in the Appendix is a supplement to the reader and expands on what has already been discussed. In conclusion, one can infer from the given data presented that Chile has fared much better in the last twenty years than Paraguay in political, social, and economic variables. [...]
[...] Political, social, and economic histories of Chile and Paraguay Development in Latin America has been a slow and steady process for many decades. Furthermore, many of the countries in Latin America have failed to become close to matching the United States in terms of political, social, and economic development, although it is very difficult to match the United States those areas. In this paper, two countries in Latin America will be closely examined: Chile and Paraguay. This paper will provide the reader a detailed analysis of each of the countries' political, social, and economic development over the past two decades. [...]
[...] The last tool used to measure economic history is GDP per capita, PPP. This tool shows how much goods cost from one country using the local currency of the other. The GDP per capita, PPP is a better indicator of the standard of living. One thing this measuring tool does not communicate effectively is the income inequality in a given country. The aforementioned GINI index numbers would help one decipher which country was most equal in terms of income distribution. [...]
[...] Third, Chile's and Paraguay economic history of the past twenty years will be analyzed. To analyze both countries' economic histories, GDP, GDP per capita, and GDP per capita, PPP will all be tools to help supplement the examination of Chile and Paraguay. All of these tools will be expressed in United States dollar amounts. Also, these statistics can be seen on Appendix D1 and D2. Chile and Paraguay, in terms of economics, are complete opposites. From the starting year of 1989, Chile's GDP has gradually increased from $28.3 billion to $163.6 billion in 2009. [...]
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