From a political and social point of view, Latin America is one of the most homogeneous regions in the world: in terms of language, culture and religion, most of the countries in this region share the same roots.
However, all these similarities and all these ties have a very clear limit: the economy. Surprisingly, in the economic field, the region is very poorly integrated and the variety of policies is vast.
Despite this, the dream of a single currency, the dollar or the “Latin American euro”, has emerged periodically. Now it is Brazil and Argentina who are leading this trend. In this video we tell you all the details.
Argentina, officially the Argentine Republic, is a country located mostly in the southern half of South America. Sharing the bulk of the Southern Cone with Chile to the west, the country is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south.
With a mainland area of 2,780,400 km2 (1,073,500 sq mi), Argentina is the eighth-largest country in the world, the fourth largest in the Americas, the second largest in South America after Brazil, and the largest Spanish-speaking nation by area.
Argentina claims sovereignty over part of Antarctica, the Falkland Islands, and South Georgia and the South Sandwich Islands.
Brazil is the largest country in both South America and Latin America.
Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.
Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.