The Economic Systems of Brazil and Cuba

Brazil There is competition in most major industries. What does this mean? What kind of economic system does this suggest Brazil has? The two largest banks are government owned.

Brazil Strongest economy of all the South American countries Strong agricultural, mining, manufacturing and service industries Government controls some areas like health care, some banks, and postal service.

What do you think? So … Brazil has a _____________ market economy! Why?

Brazil Top trading partners: The United States and Argentina Brazil is the #1 producer of coffee in the world Other products: Crops: sugarcane and oranges Manufacturing: cars, trucks and other items made of steel (Brazil has iron ore deposits as a natural resource)

Cuba According to Cuba’s government, most industries are owned by the government. The U.S. banned trade with Cuba because of it’s communist government. What does this mean? What type of economic system does this suggest that Cuba has? Cuba has a thriving informal economy, where people can get goods and services the government doesn’t provide. This informal economy is based on competition.

Cuba BUT ULTIMATELY … Government owns all resources and property, and decides what and how much is to be produced.

What do you think? Cuba has a _________________ economy! Why?

Cuba Trading Partners: Venezuela and China (the Soviet Union was Cuba’s main trading partner before it’s collapse) Major Exports: sugar, nickel, tobacco and fish

Complete the Economic Systems Analysis on Brazil and Cuba! Now, let’s get to work! Complete the Economic Systems Analysis on Brazil and Cuba!

Stop and Think! (Directions) Step One: On your own! List 3 – 5 main ideas of today’s lesson on the economies of Brazil and Cuba. Write down at least 1 thing that you are still confused about. Step Two: With your partner! Compare your lists. Write a main idea statement (a complete sentence!) for today’s lesson using each of your lists. Using the issues/confusing points you each listed either: Write a statement correcting the confusion, if you can help each other. Write questions to pose to the class, so that you can write a correct statement.

Use this slide to help review with students after they have completed the analysis activity.