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Economic Geography of Latin America
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Positives of Tourism Jobs Informal Economy – unofficial jobs
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Negatives of Tourism Environmental Problems? Loss of culture? Where does most of the money go?
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NAFTA North America Free Trade Agreement USA/Canada/Mexico
Goods move between the three countries with no/low trade tariffs (taxes)
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Maquiladoras Foreign owned factories in Mexico that make goods for export Maquiladoras offer cheap labor Usually owned by US companies
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Informal economy Low income tertiary activities that are cash transactions and not reported to government
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Slash-and-burn farming
Cut down rain forest to make crop land Land only productive for 3-5 years
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Farming regions: Sugar Cane
Coastal areas and Caribbean islands
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Farming regions: Bananas
Central American coastal areas Guatemala
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Farming regions: Coffee
Lower mountain regions of Central and South America
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Distribution of Oil Largest developed oil reserves are in Mexico and Venezuela
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