Economy of South America centuries. This can be explained by South America´s high concentration on primary commodities as well as the state of the educational system and institutional structure, some of which are still related to its colonial past, others to recent political developments. It was only from the 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, industry, forestry, and mining. In 2016, four countries, which include Brazil, Ecuador, Argentina and República Bolivariana de Venezuela experienced decline in output. Other
University of Cauca has 43 programs undergraduate and 48 programs postgraduate which include 29 specializations, 14 Masters and 5 Ph.D.. The Universidad del Cauca is a public higher education institution whose head office is in the city of Popayan, capital of Cauca, in Colombia's suroocidente. Founded in November 1827, from the beginning had the support of the Liberator Simon Bolivar and Francisco de Paula Santander. Several higher education decrees issued by Simon Bolivar, were made in Popayán, within the University of Cauca. The university has its roots in the Major Seminary of Popayan, first-rate educational establishment in colonial times had wide impact where