Why did Latin American governments struggle after independence?

In post-colonial Latin America and Africa, high levels of violence, political instability, economic balkanization, and anti-trade policies all sabotaged economic growth and reduced state capacities below the already low levels that had characterized the colonial regimes.

Why have Latin American countries been unable to build developed economies?

No country in Latin America can be named developed, although a few are higher-middle income. One important reason for this large gap is protectionism. During this period, East Asia was fully into export promotion, tax incentives to exporters, low trade barriers, less protectionism, and fewer controls and regulations.

Which Latin American countries are more developed than China?

There are a lot of Latin America countries that are more developed than China but not as developed as Japan and South Korea, i.e., Brazil, Argentina, Mexico, etc. Argentina ranked Why do Latin America and Africa struggle to develop whereas Asia was able to do so? Countries such as China or India have seen an spectacular growth.

What happened during the decolonization of Asia and Africa?

Decolonization of Asia and Africa, 1945-1960. Between 1945 and 1960, three dozen new states in Asia and Africa achieved autonomy or outright independence from their European colonial rulers. There was no one process of decolonization. In some areas, it was peaceful, and orderly.

Why did Europe colonize Africa and Asia?

In the mid to late 19th century, the European powers colonized much of Africa and Southeast Asia. During the decades of imperialism, the industrializing powers of Europe viewed the African and Asian continents as reservoirs of raw materials, labor, and territory for future settlement.

Do African countries have a deep trade relationship with their neighbors?

No African country has such a deep trade relationship with their neighbor. The same trouble occurs in South Asia too. Latin American countries are only a shade better, but lag East Asia & Northern Europe significantly. Trade is the only route to prosperity. Every single developed nation used that path.