What has been the main factor that has aided the financial situations of many countries in Latin America?

The correct answer is educating young people

Great progress in access to education has been made over the past two decades across Latin America, but most children in the region still do not receive relevant and high quality education. As a result, many young Latin Americans entering the labor market lack the skills to find decent work and participate in an increasingly competitive, information-rich and globalized economy. At the same time, employers do not find enough qualified people to fill open positions. This profound mismatch of human resources suppresses economic growth and perpetuates a system of having and not having. Unequal societies are less efficient at turning their growth into poverty reduction. In Latin America, the education gap reflects the income gap between rich and poor.