See 1st site below and read under 'country description." Then type "developing country, definition' in the SEARCH bar and read the articles there. Then type in "Costa Rica" and read the Wikipedia article...tells a lot about the development of Costa Rica...the most stable and advanced Country in Central America. You need to look up these things for yourself and have the references...and next time do not leave your report til Sunday nite!
every country in latinamerica is developing... some are better that the others... and costa rica its not one of the best... here is the top list Rank in world Country GDP 10 Brazil $2,024,000 million 24 Argentina $558,000 million 29 Colombia $400,300 million 32 Venezuela $355,200 million 45 Peru $253,400 million 47 Chile $244,300 million 65 Ecuador $107,100 million 91 Bolivia $45,130 million 92 Uruguay $44,050 million 107 Paraguay $28,280 million 163 Suriname $4,182 million 172 Guyana $2,973 million i have more info about colombia.. However, in recent years growth has been impressive, reaching 8.2% in 2007, one of the highest rates of growth in Latin America. Meanwhile the Colombian stock exchange climbed from 1,000 points at its creation in July 2001 to over 7,300 points by November 2008. According to International Monetary Fund estimates, in 2007 Colombia's nominal GDP was US$202.6 billion (37th in the world and fourth in South America). Adjusted for purchasing power parity, GDP per capita stands at $7,968, placing Colombia 82nd in the world. BEST ANSWER PLEASEE
No country in Latin America can be considered a developed country yet.
The following are the most developed countries in Latin America, sorted by their Human Development Index as of 2011:
1. Chile (HDI = 0.805, "Very High")
A small country in southwestern South America, Chile has the safest economy in Latin America and is the best country for business in the region. It's the largest producer of copper in the world, and has free trade agreements with a number of countries, including the United States, Japan, China and South Korea. It's also the second country in Latin America to join the OECD after Mexico.
Chile's weakest points are its high income inequality, small economy size and poor education quality. Also, it has the highest cost of life in Latin America.
2. Argentina (HDI = 0.797, "Very High")
One of the most "European" countries in Latin America, Argentina's large size and population gives it a large economy and natural resources. It's also the best country in Latin America for foreigners to work, given its lower cost of life and high development.
However, its relatively unstable economy makes Argentina a less desirable place for doing business.
3. Uruguay (HDI = 0.783, "High")
A very small country, Uruguay is very similar to Argentina in many aspects, although its economy is a bit more stable. It's a good place to live but because of its size it doesn't have a large economy.
4. Cuba (HDI = 0.776, "High")
Cuba's strongest point is its educational system, the best in Latin America. Cuba's professionals, especially its medics, are renowned through the Americas. However, the economic blocks imposed against Cuba by the United States and its own political system are stumbling blocks for its development.
5. Mexico (HDI = 0.770, "High")
Mexico boasts the second largest economy and population of Latin America, and was the first Latin American member of the OECD. It's not a safe country to live, though.
6. Panama (HDI = 0.768, "High")
I don't know much about Panama, other than there's the Panama Channel and it's a very small country between Central and South America.
7. Costa Rica (HDI = 0.744, "High")
Costa Rica is the happiest country in the world and one of the best countries to live. It's also the best country brand in Latin America, and also the "greenest" (most Environmentally Friendly) country in the world, with the fifth highest overall Environmental Performance Index (which is more extensive than the Environmentally Friendly qualification) in the world. It's also a good place for foreign investment, with an excellent political and economic health. However, it's also a very small country with a rather small economy.
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See 1st site below and read under 'country description." Then type "developing country, definition' in the SEARCH bar and read the articles there. Then type in "Costa Rica" and read the Wikipedia article...tells a lot about the development of Costa Rica...the most stable and advanced Country in Central America. You need to look up these things for yourself and have the references...and next time do not leave your report til Sunday nite!
every country in latinamerica is developing... some are better that the others... and costa rica its not one of the best... here is the top list
Rank in world Country GDP 10 Brazil $2,024,000 million 24 Argentina $558,000 million 29 Colombia $400,300 million 32 Venezuela $355,200 million 45 Peru $253,400 million 47 Chile $244,300 million 65 Ecuador $107,100 million 91 Bolivia $45,130 million 92 Uruguay $44,050 million 107 Paraguay $28,280 million 163 Suriname $4,182 million 172 Guyana $2,973 million i have more info about colombia.. However, in recent years growth has been impressive, reaching 8.2% in 2007, one of the highest rates of growth in Latin America. Meanwhile the Colombian stock exchange climbed from 1,000 points at its creation in July 2001 to over 7,300 points by November 2008. According to International Monetary Fund estimates, in 2007 Colombia's nominal GDP was US$202.6 billion (37th in the world and fourth in South America). Adjusted for purchasing power parity, GDP per capita stands at $7,968, placing Colombia 82nd in the world. BEST ANSWER PLEASEE
No country in Latin America can be considered a developed country yet.
The following are the most developed countries in Latin America, sorted by their Human Development Index as of 2011:
1. Chile (HDI = 0.805, "Very High")
A small country in southwestern South America, Chile has the safest economy in Latin America and is the best country for business in the region. It's the largest producer of copper in the world, and has free trade agreements with a number of countries, including the United States, Japan, China and South Korea. It's also the second country in Latin America to join the OECD after Mexico.
Chile's weakest points are its high income inequality, small economy size and poor education quality. Also, it has the highest cost of life in Latin America.
2. Argentina (HDI = 0.797, "Very High")
One of the most "European" countries in Latin America, Argentina's large size and population gives it a large economy and natural resources. It's also the best country in Latin America for foreigners to work, given its lower cost of life and high development.
However, its relatively unstable economy makes Argentina a less desirable place for doing business.
3. Uruguay (HDI = 0.783, "High")
A very small country, Uruguay is very similar to Argentina in many aspects, although its economy is a bit more stable. It's a good place to live but because of its size it doesn't have a large economy.
4. Cuba (HDI = 0.776, "High")
Cuba's strongest point is its educational system, the best in Latin America. Cuba's professionals, especially its medics, are renowned through the Americas. However, the economic blocks imposed against Cuba by the United States and its own political system are stumbling blocks for its development.
5. Mexico (HDI = 0.770, "High")
Mexico boasts the second largest economy and population of Latin America, and was the first Latin American member of the OECD. It's not a safe country to live, though.
6. Panama (HDI = 0.768, "High")
I don't know much about Panama, other than there's the Panama Channel and it's a very small country between Central and South America.
7. Costa Rica (HDI = 0.744, "High")
Costa Rica is the happiest country in the world and one of the best countries to live. It's also the best country brand in Latin America, and also the "greenest" (most Environmentally Friendly) country in the world, with the fifth highest overall Environmental Performance Index (which is more extensive than the Environmentally Friendly qualification) in the world. It's also a good place for foreign investment, with an excellent political and economic health. However, it's also a very small country with a rather small economy.
8. Venezuela (HDI = 0.735, "High")
9. Peru (HDI = 0.725, "High")
10. Ecuador (HDI = 0.720, "High")
11. Brazil (HDI = 0.718, "High")
12. Colombia (HDI = 0.710, "High")