Which describes the economies of the created by latin American revelations?

The economies created by the Latin American revolutions of the early 19th century were characterized by a shift from colonial mercantilism to more independent, market-oriented systems. However, many countries struggled with instability, inequality, and reliance on single cash crops or raw materials for exports. This often led to economic dependence on foreign powers and investment, hindering sustainable development. Overall, while the revolutions aimed to foster self-determination, the resulting economies faced significant challenges in achieving true independence and economic diversification.