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
Football in South America was the first country to sign up for the world football association named FIFA, that had been founded in 1904. In 1929, two years later, it was followed by Mexico. Football was introduced by Europeans who had stayed back in America, but young Latin Americans were also attracted to Europe. When capitalism was introduced in Central and South America, countries like Costa Rica became a link in the global economy. As a result, European countries had an impact not just on political and economic matters, but also in the cultural field. The younger generation went to Western Europe, especially England,