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Comparing latin american economies plus canada
 

Comparing latin american economies plus canada

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    Comparing latin american economies plus canada Comparing latin american economies plus canada Presentation Transcript

    • Comparing Latin American Economies Mexico, Brazil, & Cuba Unit 6 Notes
    • Foreign Exchange Rates
      • The price of 1 country’s currency compared to another…
        • 1 US dollar = 11 Mexican pesos
        • 1 US dollar = 1.8 Brazilian reals
        • 1 US dollar = .92 Cuban pesos
    • United Mexican States
    • 3 Economic Questions…
      • What to Produce?
        • Businesses decide and government approves/denies it
      • How to produce it?
        • Businesses decide & government regulates procedures
      • For whom to produce?
        • Businesses decide based on supply & demand (price)
      • Which economic system does Mexico have?…
    • Mexico’s Economic System
      • Mexico has a Mixed economic system, that is closer to market than command.
    • Mexico’s Natural Resources
      • What’s available?
        • petroleum, silver, copper, gold, lead, zinc, natural gas, timber
    • Mexico’s Land Use
      • What percentage of the land is arable (capable of being farmed)?
        • 12.66%
    • Mexico’s Industries
      • What’s being produced in the factories?
        • food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables,
        • Tourism is also a major industry in Mexico.
    • Mexico’s Literacy Rate
      • What percentage of people over the age of 15 can read and write?
        • 91%
      • How long are students required to stay in school?
        • 13 years
    • Mexico’s Unemployment Rate
      • What percentage of people do not have jobs?
        • 4.1% (however, only 61.1% of people working age have a job)
      • What percentage of people live in poverty?
        • 18.5%
    • Mexico’s GDP
      • $1.578 trillion (2008)
      • GDP Per Capita--What is the value of goods and services produced per person ?
        • $14,400 (2008)
    • Federative Republic of Brazil
    • 3 Economic Questions…
      • What to Produce?
        • Businesses decide and government approves/denies it
      • How to produce it?
        • Businesses decide & government regulates procedures
      • For whom to produce?
        • Businesses decide based on supply & demand (price)
      • Which economic system does Brazil have?…
    • Brazil’s Economic System
      • Brazil has a Mixed economic system
    • Brazil’s Natural Resources
      • What’s available?
        • bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber
    • Brazil’s Land Use
      • What percentage of the land is arable (capable of being farmed)?
        • 6.9%
    • Brazil’s Industries
      • What’s being produced in the factories?
        • textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
    • Brazil’s Literacy Rate
      • What percentage of people over the age of 15 can read and write?
        • 88.6%
      • How long are students required to stay in school?
        • 14 years
    • Brazil’s Unemployment Rate
      • What percentage of people do not have jobs?
        • 8%
      • What percentage of people live in poverty?
        • 22%
    • Brazil’s GDP
      • $2.03 trillion (2008)
      • GDP Per Capita--What is the value of goods and services produced per person ?
        • $10,300 (2007)
    • Republic of Cuba
    • 3 Economic Questions…
      • What to Produce?
        • Government makes all economic decisions
      • How to produce it?
        • Government decides how to make goods/services
      • For whom to produce?
        • Whoever the government decides to give them to
      • Which economic system does Cuba have?…
    • Cuba’s Economic System
      • Cuba has a Command economic system
    • Cuba’s Natural Resources
      • What’s available?
        • cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land
    • Cuba’s Land Use
      • What percentage of the land is arable (capable of being farmed)?
        • 27.63%
    • Cuba’s Industries
      • What’s being produced in the factories?
        • sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals
    • Cuba’s Literacy Rate
      • What percentage of people over the age of 15 can read and write?
        • 99.8%
      • How long are students required to stay in school?
        • 16 years
    • Cuba’s Unemployment Rate
      • What percentage of people do not have jobs?
        • 1.8%
    • Cuba’s GDP
      • $144.6 billion (2008)
      • GDP Per Capita--What is the value of goods and services produced per person ?
        • $12,700 (2008)
    • Canada’s Economy
    • What do you like on a Sundae?
      • What toppings do you like on an ice cream sundae?
        • Plain Vanilla?
        • Or absolutely everything (and I mean everything)?
      OR…
    • What do you like on a Sundae?
      • Chances are, you were somewhere between plain and everything.
        • When discussing economies, most countries are somewhere in between too.
      • When a country is not completely a command economy and not completely a market economy, but somewhere in between, it is called a Mixed Economy .
    • Most countries lie somewhere in between -However, they may be closer to one side than the other
    • Review Types of Economies
      • Which type of economy lets businesses do whatever they want?
      • Which economy has the government making all the decisions?
      • Which economy do most countries have?
    • 3 Economic Questions…
      • What to Produce?
        • Businesses decide and government approves/denies it
      • How to produce it?
        • Businesses decide & government regulates procedures
      • For whom to produce?
        • Businesses decide based on supply & demand (price)
      • Which economic system does Canada have?…
    • Canada’s Economic System
      • Canada has a Mixed economic system
        • It’s actually pretty close to a Market economy; however, there is some government regulation among industries
        • It does have Free Enterprise (competition between businesses)
      • Canada is economically strong!
    • Mixed Economy
      • Canada is a mixed economy, but it is closer to market than command
    • Canada’s Foreign Exchange Rate
      • The price of 1 country’s currency compared to another…
        • 1 US dollar = 1.01 Canadian dollars
        • 1 US dollar = .75 EU euros
        • 1 Canadian dollar = .7501 EU euros
      • What does this mean?
        • The US economy is a little stronger than Canada’s; however, the economy of the European Union is stronger than both!
    • Canada’s Natural Resources
      • What’s available?
        • Minerals like: iron ore, nickel, zinc, copper, gold, lead, molybdenum, potash, diamonds, and silver,
        • fish , timber, wildlife, coal, petroleum, natural gas, hydroelectric power
    • Canada’s Land Use
      • What percentage of the land is arable (capable of being farmed)?
        • 5% (only in Southern Canada; Northern Canada’s terrain is permafrost!)
        • This is actually a large amount, considering Canada is the world’s 2 nd largest country
      • What are the major agricultural products?
        • Wheat, barley, oilseed, tobacco, fruits, vegetables, dairy products, forest products, fish
    • Canada’s Industries
      • What’s being produced in the factories?
        • Transportation equipment, chemicals, processed and unprocessed minerals, food products , wood and paper products, fish products, petroleum , natural gas
    • Which country is Canada’s biggest trading partner? Exports: US 77.7%, UK 2.7%, Japan 2.3% Imports: US 52.4%, China 9.8%, Mexico 4.1%
    • Canada’s Literacy Rate
      • What percentage of people over the age of 15 can read and write?
        • 99%
      • How long are students required to stay in school?
        • 17 years
    • Canada’s Unemployment Rate
      • What percentage of people do not have jobs?
        • 8.3%
      • What percentage of people live in poverty?
        • 10.8%
    • Canada’s GDP
      • $1.336 trillion (2009)
        • 15 th in the world
      • GDP Per Capita--What is the value of goods and services produced per person ?
        • $38,100 (2009)
    • 4 Factors That Effect Canada’s GDP
      • Human Capital : Canada is investing in education & training (check out literacy rate!)
      • Capital Goods: Canada is investing in new technology & building new factories
      • Abundant Natural Resources
      • Entrepreneurship
    • North American Free Trade Agreement
      • Signed by the US, Canada, & Mexico in the mid-1990s
      • Eliminated trade barriers between the 3 countries
      • Free Trade between the 3 countries
      • How has it affected Canada’s economy?
        • It eliminated trade barriers with US & Mexico, and allows them to trade more freely at a better cost
    • Canada’s Economic Problems
      • Unemployment & poverty
      • Over-depletion of natural resources
      • Acid rain from factories near Great Lakes region is destroying timber resources
      • Improving public services (which forces the country to raise taxes)