Originally Posted by
Cranberryjuice
I know that this is an old post, but anyone who has any clue about Latin American affairs and economic situation knows that it's highly unlikely that Argentina will reach first-world status by 2050. The current situation is an economic mess and a ticking time bomb. Currently, Argentina is stagnant and with serious financial issues. According to some Argentinian acquaintances, if things keep on like this, they wouldn't be surprised if Argentina ends up like Venezuela. And I do hope things change as I would love to be able to travel around all of Latin America and witness their prosperity, but again, from what I've read, the whole government owes me everything mentality is too engrained in a large portion of the Argentine population.
I can see Chile as fully developed by 2050 as long as Boric, and other left-leaning presidents that will surely come in the future keep their lefty policies solely to social issues and not economic ones. I really don't get the obsession of the whole region with electing heads of states with lefty ideas. I know the traditional right hasn't been much better, but the Venezuelan example should be more than enough to scare people from voting the likes of Petro and Boric into the highest positions of power.
By 2050 I can see Chile, Uruguay, Peru, Costa Rica, Panama, Mexico, DR, and a couple of others as close to developed countries as long as they don't go down the Venezuelan and Argentinian paths.
If the current trend continues, I can see DR and Panama possibly reaching top two position when it comes to economic development. Unless something drastic happens I don't see the current econmic growth stipping any time soon for DR, and the society in general is too "capitalistic", so the lefty policies that are ruining some other countries may not take a hold here. Would love to know if Panamanian society has a similar mentality. And by develop, I am talking in economic terms, I don't think we'll see a Dominican society with IDH numbers similar to those of Europe, or people following all of the basic rules, little corruption etc. I still picture a very corrupt society with a ton of cash (Just perhaps more educated on average). And in regards to social and racial situation we'll probably end up with a considerable "haitian" minority and the classes will likely be even more divided with high and middle class being lighter while lower classes in part composed of Haitian descendants being way darker.
I don't think I know enough about other Latam countries to make social/racial predictions. Here's the video showing the estimated economic growth for Latam countries in the coming years:
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