Geographical features
Mercosur region is highly urbanized, containing some megalopolis such as Sao Paulo, Buenos Aires and Rio de Janeiro. These global cities are important trade centers, and that is the reason why Argentina and Brazil are much more influential in Mercosur than the other countries.
Mercosur has a population of 264,347,840 inhabitants and has its headquarters in Montevideo, Uruguay. The bloc has a total area of 13,771,194km2 and its nominal GDP is about US$4.437 trillion in 2018. Its HDI in 2017 was 0.772 which is actually a high value.
Natural resources
Forestry is a major economic activity for tropical South America, especially the Amazon River basin. Lumber for trees such as mahogany and rosewood is exported to foreign markets for use in cabinets and floors. Lower-grade woods are important to the construction in South America. Eucalyptus is the most familiar of these less-expensive woods and despite not being native to South America, it grows at an incredibly quick rate.
The mining industry is an important economic engine in South America. Iron and steel are used in construction and machinery and the continent contains about one-fifth of the reserves.
Other important metal deposits include tin, used to solder metallic surfaces, and also zinc. Brazil and Bolivia are major producers of tin. Lead and zinc deposits are found primarily in higher elevations of Bolivia, southern Brazil and northern Argentina.
Oil and gas extraction is the dominant industry of Venezuela, with major deposits found around lake Maracaibo and El Tigre.
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From: http://wc4latinamerica.weebly.com/natural-resources.html |
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