Latin America's economies have reacted differently to the drop in global commodity prices over the past several years. With Chinese demand growth slowing and economic growth relatively slow in Europe and the United States, Latin America's commodity boom is essentially over. In Brazil, the decline in prices for key exports such as soybeans and iron ore exposed severe structural economic problems . In Venezuela, the drop in oil prices since 2014 plunged the country into a social crisis threatening the government's hold over the nation. But Chile is a different story. The Chilean economy is particularly vulnerable to shocks caused by drops in copper prices abroad. After all, 49 percent of the country's exports are related to the copper industry, and mining activities account for about 14 percent of Chile's gross domestic product.