Economy of America (continued)

Economy of America (continued)

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The American continent is exceptionally rich in energy sources and mineral resources.

The enormous hydropower potential of its rivers is increasingly exploited in North America and to a lesser extent in South America, where Brazil, Colombia, Bolivia, Argentina, Paraguay and Chile have begun to harness the important rivers of the Andean region and the Basins. Atlantic slope.

America produces much of the world's oil, mainly from the United States reserves and, to a lesser extent, from Mexico, Venezuela, Colombia, Argentina, Brazil, Peru and Ecuador. The abundant natural gas is mainly located in Canada, the United States, Mexico, Venezuela, Peru and Argentina.

In addition, there are large deposits of coal, mainly coal, in the United States, and secondary reserves in Canada, Mexico, Colombia, Chile, Brazil, and Argentina.

America's main mineral resources are zinc, mined in numerous Canadian production centers, copper, lead, iron and tin; The main producers are the United States, Canada, Mexico, Peru, Bolivia and Argentina. Mexico stands out for its silver reserves, Brazil and Peru for its iron production, Chile for copper and Bolivia for tin.

The abundance of raw materials and mineral and energy resources, coupled with the demand for a large domestic market, contributed to the intense industrial development of the United States. All productive sectors are represented in the country, especially iron, steel and the mechanical, chemical, electronic, textile, naval and paper industries. The large American companies, whose manufacturing centers are mainly concentrated in the northeast of the country - hence the most industrialized and urbanized region on the planet - extend their influence throughout the western world, both through capital investment and market control. international scope.

Canada ranks second in industrial development on the continent, with equally diversified production and advanced technology. Latin American countries try to compete with their northern neighbors by creating and fostering their own industries, despite their serious structural deficiencies (poor communications, large external debt, capital shortages).

This group includes Mexico (textiles, paper, glass, machinery), Venezuela, Argentina, Chile and, above all, Brazil (steel and manufacturing). In other countries, where industrialization is very low, the economy is based mainly on agricultural activity or mineral extraction.