1. Latin America Economies

3. 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

4. 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)? %

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

6. 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%

7. 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

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