Guthrie mitchell jan 27, 2012 922 am - sa.513Presentation Transcript
SOUTH AMERICABY: GUTHRIE MITCHELLMBA 513
ECONOMIES OF SOUTH AMERICAComprises around 382 million peopleLiving in twelve nations and three territories.Contributes 6% of the worlds population
GREAT ECONOMIC DEVELOPMENTSince the 1990s, especially...• Venezuela, Columbia, Argentina, Uruguay, Peru have grown by over 8% per annum.• Brazils economy, on the other hand, is expected to grow by a more sluggish pace in the near future.• South America relies heavily on the exporting of goods.
BRAZILLargest CountryBrazilian Economy is 7th largest (by nominal GDP)One of the world’s fastest growing economiesHas large and developed agriculture, mining, manufacturing, and service sectors, in addition to the large labor pool.Brazilian exports are booming! Aircraft, auto’s, ethanol, textiles, corned beef
BRAZIL CONT’DGrowth large part due to a global boom in commodities prices with exports from beef and soybeans soaring.Forestry, logging and fishing accounted for over 5% of the GPD in 2007. “Positioned for distinction” 3rd largest exporter of agricultural products in the WorldIndustry Auto, steel, petrochemicals, computers, aircraft and consumer durables account for over 30% of the GDP10th largest energy consumer with much from renewable energy from hydroelectric and ethanol.
ARGENTINAAbundant Natural ResourcesExport oriented agricultural sectorSubject to high inflation – biggest weakness Columbia• Grew latter part of the 20th century• Tourism
INCREASING OPPORTUNITYMany professionals are moving from Europe to Brazil…This picture is of Spanish architects María Palencia and Andrés Velarde both found jobs in Rio de Janeiro designing apartment complexes and other projects. www.online.wsj.com