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  • Thinking of Latin American development as an shift from a traditional agricultural to a economically well developed driven by service sector way of living, is to simplistic.
  • In reality, LAC's development is more fragmented. Rich and developed urban ereas and peripheral underdeveloped rural area's can be found in the same country.
  • Also, development is not only measured in economic factors like GDP. Sustainable and a fair distribution of wealth are also important factors.
  • Development is multi-dimensial, and is about improving quality of life in a sustainable way. Differences in level of development can be seen in LAC, but have been sharply reduced last decades.
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