Mexico and Brazil Lead Two Divergent Latin Americas - Fox News Latino: "Latin America is divided into two distinct economic blocs after the global recession, finds a survey released by the Inter-American Development Bank (BID) last week.
The commercial goods and services of Central America and the Caribbean are narrowly tied to Mexico, and are relatively dependent on the economies of advanced industrialized countries like United States and Japan which are still recovering from recession, according to the survey.
A second, much faster growing group of countries is led by Brazil and includes South American countries such as Chile, Bolivia, Paraguay, Uruguay, Argentina, Colombia and Venezuela. These countries are growing exporters of commodities to China and India, including copper, gold, soybeans, wheat, corn, oil and more.
The BID says that the economy of the Brazilian-led group could grow up to 4.4 percent in 2011, while the group led by Mexico will only grow 2.2 percent.
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