That's cool I think economic instability is preventing Latin American countries to go for bigger projects.
The causes are different, to understand it you will need to read history.
The USA and Latin America are the same civilization, however the USA is the leader in the Americas followed by Brazil and Mexico.
Racially the British and the Spanish are very very close, and when they went to America the developed similar type of colonies.
However the USA have the largest population, followed by Brazil and Mexico
Now when it comes population, India has 2 1/3 the population of the whole latin america.
we are only 600 million people divided in more than 15 countries.
Now Brazil is a world leader because it has a population of 200 million, most nations in Latin America are in the range of 30 million people.
Brazil can made world leaders aircraft like E-190 or KC-390
Mexico has 130 million people.
we build fuselages for companies like Cessna, Bombardier, Gulfstream or jet engine parts for Rolls Royce or Pratt and whitney
here we have Bombardier Fuselages built in Queretaro Mexico
Kaman Helicopters builds also parts in Mexico.
Argentina has barely 44 million people but they build relatively small but advanced projects like
Cicare or Pampa IA-63
CH-14 helicopter built and designed in Argentina
Ch-12 helicopter built and designed in Argentina
Venezuela also builds small aircraft like AVLAT