1. Latin America
The Economy

2. Goods sold to other countries
Exports:
Goods sold to other countries

5. Agriculture Campesinos: rural farmers and workers
Latifundia: Large agricultural estates owned by wealthy families or corporations
Minifundia: All other farms. “Small plots of land intensively farmed by campesinos to feed their families.
Their plots are usually owned by the government or wealthy

6. Agriculture
Cash crops: crops produced in large quantities to be sold or traded.
Bananas, Sugarcane, Coffee, Rubber, Chocolate
Illicit drugs

7. Industry Developing Countries Service Industries have grown rapidly
Andes and Amazon Rainforest limit industrial growth
Expanding global trade strengthens economies

8. Maquiladoras
Manufacturing plants built by American and Japanese companies
Most along the U.S.-Mexico border
Free Trade Zones: areas of a country where trade restrictions do not apply
Low-cost labor, duty free exports.

9. Transportation

11. Trade: NAFTA 1994: between US, Mexico, and Canada
North American Free Trade Agreement
Trade grew 10-15% annually
Very Controversial

15. CAFTA Similar to NAFTA Central American Free Trade Agreement
Lower trade barriers between U.S. and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic

16. Homework NAFTA, the Good, the Best, and the Ugly for the Americas
^Print this Article
Read it
Highlight or underline important points
Write a 2 paragraph summarizing your views on NAFTA: Is it good? Bad? Should it be abolished? Expanded? Etc.
Attach your written work to the printout of the article, and turn it in tomorrow.