Latin America: the end of the “raw materials curse”?

In the context of ongoing geo-economic transformations, international in terest in the raw materials resources of Latin America, necessary for the implementation of the goals of the “fourth industrial revolution” and the development of high-tech indus trial production, has noticeably increased. The raw materials of Latin American coun tries, in demand on international commodity markets, are largely a factor of their macro economic luck, to which it is necessary to add the ability to play the raw material card, to materialize the resulting chances into practically implementable large-scale projects that, to the maximum possible extent, meet not only the demands of the global economy, but also fundamental national interests. We are not talking about the region “capturing” the world’s geo-economic peaks. The task is much more modest: to leave the so-called “raw materials curse” in the past and effectively use the window of opportunity that has opened increased demand for natural resources, to form interdependence with the lead ing countries in technological development at a deep, quantum level. In other words, it is necessary to strengthen the factors that will ensure the real economic recovery of Latin America in the context of the current global transformation processes.

economy, Latin America, raw materials sector, economic growth strategies