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
Jorge Núñez Sánchez In 1990 he was elected president of the Association of Latin American and Caribbean Historians ADHILAC, during the "V International Meeting" held in São Paulo. In 1991 he published a 127-page book titled "Interview with Simon Bolivar", a fiction essay in which the liberator goes on a voluntary exile in 1830. In 1991 he published "The Thought of Jose Peralta" with an introductory study and the complete version of Peralta's work about slavery in Latin America. In 1992 he was appointed the director of the Department of History and Geography of the House of Ecuadorian Culture, and he published "Towards