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
State President of South Africa be outvoted on any substantive matter. Thus, the real power remained in white hands—and in practice, in the hands of the National Party, which had a large majority in the white chamber. As Botha was leader of the National Party, the system placed nearly all governing power in his hands. Botha resigned in 1989 and was succeeded by F. W. de Klerk, who oversaw the transition to majority rule in 1994. Under South Africa's first non-racial constitution, adopted in 1994, the head of state (and of government) is known simply as the President. However, since the declaration of the republic