Is it possible to become a great power in south america?

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Terixis

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South America has bad terrain but that mostly only affects development cost. There are lots of gold mines to jump start your economy and lots of valuable trade goods too. The real problem with playing in South America is that trade only flows away from it and your diplomacy options will suck. You have to route all trade to the Caribbean node where mainland SA only has a tiny fraction of the total trade power, meaning you have to eat the Caribbean islands too.
 
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Lykus Cerebros

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You can form the Incas and easily become a great power. It's true trade is shittyy but gold mines will keep you afloat until you can unite all of SA America. The amount of development will easily make you into a great power.
 
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