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
President of the Republic of China reflect the PRC's official stance of not recognizing the ROC as an independent state. The PRC media does not use the terms ""President of Taiwan"" nor ""President of the Republic of China"", which could be inferred as implying recognition of Taiwan as a country, or of Two Chinas. Hence, the term ""Leader of the Taiwan Area"" is used- with "Area" to show that Taiwan is not a country; while "Leader" does not equal "President". According to criteria set by the authorities in Beijing, media in mainland China generally are not allowed to use terms related to the Republic of China