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Economy of South America
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Economy of South America : ウィキペディア英語版
Economy of South America

The economy of South America comprises around 382 million people living in twelve nations and three territories. It contributes 6 percent of the world's population.
From the 1930s to 1980s, countries of South America used what is called the Import Substitution. Import Substitution is an economic policy which replaces foreign businesses as well as imports with domestic production. This was a policy made to produce more development and help grow domestic businesses, which are not competitive with other international industries. However, this policy created a debt crisis in the South America.
It was only from 1990s when countries in South America switched over to the system of Free-Market economy. This eventually pulled countries in South America out of the debt crisis. Now, major economic activities include agriculture, forestry, and mining.
==Economic sectors==


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