Hey Captain Novaes (re: Latin America)
Well CPT, I love Latin America, have spent 8 years in the Republic of Panama (which I consider my second home). I've travelled through the region and studied it thouroughly in classes, and to this day keep up on political affairs in the region.
I think there are a couple of major factors holding back develoement in the region, and I'll address these:
1) The way governments work in Latin America. One of the biggest problems I see in Latin America is the way in which governments in the region (most, not all) are structured. Most use the US Constitution as their base with an Executive, Legislative, and Judicial branch. The problem I see is that the governments are usually way too powerful, too much day to day living of the average citizen is regulated in some way by a law in some book.
For the most part, these regualtions are hold-overs from days when many Latin American countries were run by dictators or by the military. Too many, industries are regulated, or flat out run by the government. For years while I lived in Panama, the electric company was effectively run by the government... Sorry, but private industry should handle most of these.
2) Wages. I still cannot believe the wages most workers receive in Latin American countries. When I arrived in Panama in 1990, the minimum wage was $1.15 per hour, when I left in 1998 it was $1.23. Outrageous!!! People have to work 2 or 3 jobs just to get by, and to top that off a policeman just starting out in the PNP (Panama National Police) made $580 a month!!! Want to know why there's corruption in the police force... want to know why honest cops are worn out... because their having to "moonlight" just to get by.
Anyway, I have to go... taking my kids to play futbol this morning. I'll continue my little diatribe on Latin America later today... and boy wait until I get to the part where I start criticizing U.S. foriegn policy in the region.
Yancy