Latin America Economies

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Presentation transcript:

Latin America Economies

Cuba: Command Government owns all resources and property Government decides what and how much are to be produced Cuba’s economy has struggled since the breakup of the Soviet Union

Cuba Natural Resources: cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land What percentage of the land is arable (capable of being farmed)? 27.63%

Brazil: mixed market Strong agricultural, mining, manufacturing, and service segments. Strongest economy of all South American countries Government controls health care and postal service

Brazil Natural Resources: bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber What percentage of the land is arable (capable of being farmed)? 6.9%

NAFTA 1994: United Sates, Canada, Mexico enter into a trade agreement Lowered trade barriers in order to create a free trade zone Eliminated tariffs on goods

NAFTA Removed restrictions on investments Removed customs barriers at border crossings Improved working conditions