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Comparing Latin American Economies Mexico, Brazil, & Cuba Unit 6 Notes
Foreign Exchange Rates <ul><li>The price of 1 country’s currency compared to another… </li></ul><ul><ul><li>1 US dollar = ...
United Mexican States
3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it <...
Mexico’s Economic System <ul><li>Mexico has a  Mixed economic system,  that is closer to market than command. </li></ul>
Mexico’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>petroleum, silver, copper, gold, lead, zinc, na...
Mexico’s Land Use <ul><li>What percentage of the land is  arable  (capable of being farmed)? </li></ul><ul><ul><li>12.66% ...
Mexico’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>food and beverages, tobacco, che...
Mexico’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>91% ...
Mexico’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>4.1% (however, only 6...
Mexico’s GDP  <ul><li>$1.578 trillion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services pro...
Federative Republic of Brazil
3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it <...
Brazil’s Economic System <ul><li>Brazil has a  Mixed economic system </li></ul>
Brazil’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>bauxite, gold, iron ore, manganese, nickel, pho...
Brazil’s Land Use <ul><li>What percentage of the land is  arable  (capable of being farmed)? </li></ul><ul><ul><li>6.9% </...
Brazil’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>textiles, shoes, chemicals, ceme...
Brazil’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>88.6...
Brazil’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>8% </li></ul></ul><ul...
Brazil’s GDP  <ul><li>$2.03 trillion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services prod...
Republic of Cuba
3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Government makes all economic decisions </li></ul></u...
Cuba’s Economic System <ul><li>Cuba has a  Command economic system </li></ul>
Cuba’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>cobalt, nickel, iron ore, chromium, copper, salt,...
Cuba’s Land Use <ul><li>What percentage of the land is  arable  (capable of being farmed)? </li></ul><ul><ul><li>27.63% </...
Cuba’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>sugar, petroleum, tobacco, constru...
Cuba’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>99.8% ...
Cuba’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>1.8% </li></ul></ul>
Cuba’s GDP  <ul><li>$144.6 billion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services produc...
Canada’s Economy
What do you like on a Sundae? <ul><li>What toppings do you like on an ice cream sundae? </li></ul><ul><ul><li>Plain Vanill...
What do you like on a Sundae? <ul><li>Chances are, you were somewhere between plain and everything. </li></ul><ul><ul><li>...
Most countries lie somewhere in  between -However, they may be closer to one    side than the other
Review Types of Economies <ul><li>Which type of economy lets businesses do whatever they want? </li></ul><ul><li>Which eco...
3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it <...
Canada’s Economic System <ul><li>Canada has a  Mixed  economic system </li></ul><ul><ul><li>It’s actually pretty close to ...
Mixed Economy <ul><li>Canada is a mixed economy, but it is closer to market than command  </li></ul>
Canada’s Foreign Exchange Rate <ul><li>The price of 1 country’s currency compared to another… </li></ul><ul><ul><li>1 US d...
Canada’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>Minerals  like: iron ore, nickel, zinc, copper,...
Canada’s Land Use <ul><li>What percentage of the land is  arable  (capable of being farmed)? </li></ul><ul><ul><li>5% (onl...
Canada’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>Transportation equipment, chemic...
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%, ...
Canada’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>99% ...
Canada’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>8.3% </li></ul></ul><...
Canada’s GDP  <ul><li>$1.336 trillion (2009) </li></ul><ul><ul><li>15 th  in the world </li></ul></ul><ul><li>GDP Per Capi...
4 Factors That Effect Canada’s GDP <ul><li>Human Capital : Canada is investing in education & training (check out literacy...
North American Free Trade Agreement <ul><li>Signed by the US, Canada, & Mexico in the mid-1990s </li></ul><ul><li>Eliminat...
Canada’s Economic Problems <ul><li>Unemployment & poverty </li></ul><ul><li>Over-depletion of natural resources </li></ul>...
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Comparing latin american economies plus canada

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Comparing latin american economies plus canada

  1. 1. Comparing Latin American Economies Mexico, Brazil, & Cuba Unit 6 Notes
  2. 2. Foreign Exchange Rates <ul><li>The price of 1 country’s currency compared to another… </li></ul><ul><ul><li>1 US dollar = 11 Mexican pesos </li></ul></ul><ul><ul><li>1 US dollar = 1.8 Brazilian reals </li></ul></ul><ul><ul><li>1 US dollar = .92 Cuban pesos </li></ul></ul>
  3. 3. United Mexican States
  4. 4. 3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it </li></ul></ul><ul><li>How to produce it? </li></ul><ul><ul><li>Businesses decide & government regulates procedures </li></ul></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>Businesses decide based on supply & demand (price) </li></ul></ul><ul><li>Which economic system does Mexico have?… </li></ul>
  5. 5. Mexico’s Economic System <ul><li>Mexico has a Mixed economic system, that is closer to market than command. </li></ul>
  6. 6. Mexico’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>petroleum, silver, copper, gold, lead, zinc, natural gas, timber </li></ul></ul>
  7. 7. Mexico’s Land Use <ul><li>What percentage of the land is arable (capable of being farmed)? </li></ul><ul><ul><li>12.66% </li></ul></ul>
  8. 8. Mexico’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, </li></ul></ul><ul><ul><li>Tourism is also a major industry in Mexico. </li></ul></ul>
  9. 9. Mexico’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>91% </li></ul></ul><ul><li>How long are students required to stay in school? </li></ul><ul><ul><li>13 years </li></ul></ul>
  10. 10. Mexico’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>4.1% (however, only 61.1% of people working age have a job) </li></ul></ul><ul><li>What percentage of people live in poverty? </li></ul><ul><ul><li>18.5% </li></ul></ul>
  11. 11. Mexico’s GDP <ul><li>$1.578 trillion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services produced per person ? </li></ul><ul><ul><li>$14,400 (2008) </li></ul></ul>
  12. 12. Federative Republic of Brazil
  13. 13. 3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it </li></ul></ul><ul><li>How to produce it? </li></ul><ul><ul><li>Businesses decide & government regulates procedures </li></ul></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>Businesses decide based on supply & demand (price) </li></ul></ul><ul><li>Which economic system does Brazil have?… </li></ul>
  14. 14. Brazil’s Economic System <ul><li>Brazil has a Mixed economic system </li></ul>
  15. 15. Brazil’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber </li></ul></ul>
  16. 16. Brazil’s Land Use <ul><li>What percentage of the land is arable (capable of being farmed)? </li></ul><ul><ul><li>6.9% </li></ul></ul>
  17. 17. Brazil’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment </li></ul></ul>
  18. 18. Brazil’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>88.6% </li></ul></ul><ul><li>How long are students required to stay in school? </li></ul><ul><ul><li>14 years </li></ul></ul>
  19. 19. Brazil’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>8% </li></ul></ul><ul><li>What percentage of people live in poverty? </li></ul><ul><ul><li>22% </li></ul></ul>
  20. 20. Brazil’s GDP <ul><li>$2.03 trillion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services produced per person ? </li></ul><ul><ul><li>$10,300 (2007) </li></ul></ul>
  21. 21. Republic of Cuba
  22. 22. 3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Government makes all economic decisions </li></ul></ul><ul><li>How to produce it? </li></ul><ul><ul><li>Government decides how to make goods/services </li></ul></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>Whoever the government decides to give them to </li></ul></ul><ul><li>Which economic system does Cuba have?… </li></ul>
  23. 23. Cuba’s Economic System <ul><li>Cuba has a Command economic system </li></ul>
  24. 24. Cuba’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land </li></ul></ul>
  25. 25. Cuba’s Land Use <ul><li>What percentage of the land is arable (capable of being farmed)? </li></ul><ul><ul><li>27.63% </li></ul></ul>
  26. 26. Cuba’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals </li></ul></ul>
  27. 27. Cuba’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>99.8% </li></ul></ul><ul><li>How long are students required to stay in school? </li></ul><ul><ul><li>16 years </li></ul></ul>
  28. 28. Cuba’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>1.8% </li></ul></ul>
  29. 29. Cuba’s GDP <ul><li>$144.6 billion (2008) </li></ul><ul><li>GDP Per Capita--What is the value of goods and services produced per person ? </li></ul><ul><ul><li>$12,700 (2008) </li></ul></ul>
  30. 30. Canada’s Economy
  31. 31. What do you like on a Sundae? <ul><li>What toppings do you like on an ice cream sundae? </li></ul><ul><ul><li>Plain Vanilla? </li></ul></ul><ul><ul><li>Or absolutely everything (and I mean everything)? </li></ul></ul>OR…
  32. 32. What do you like on a Sundae? <ul><li>Chances are, you were somewhere between plain and everything. </li></ul><ul><ul><li>When discussing economies, most countries are somewhere in between too. </li></ul></ul><ul><li>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 . </li></ul>
  33. 33. Most countries lie somewhere in between -However, they may be closer to one side than the other
  34. 34. Review Types of Economies <ul><li>Which type of economy lets businesses do whatever they want? </li></ul><ul><li>Which economy has the government making all the decisions? </li></ul><ul><li>Which economy do most countries have? </li></ul>
  35. 35. 3 Economic Questions… <ul><li>What to Produce? </li></ul><ul><ul><li>Businesses decide and government approves/denies it </li></ul></ul><ul><li>How to produce it? </li></ul><ul><ul><li>Businesses decide & government regulates procedures </li></ul></ul><ul><li>For whom to produce? </li></ul><ul><ul><li>Businesses decide based on supply & demand (price) </li></ul></ul><ul><li>Which economic system does Canada have?… </li></ul>
  36. 36. Canada’s Economic System <ul><li>Canada has a Mixed economic system </li></ul><ul><ul><li>It’s actually pretty close to a Market economy; however, there is some government regulation among industries </li></ul></ul><ul><ul><li>It does have Free Enterprise (competition between businesses) </li></ul></ul><ul><li>Canada is economically strong! </li></ul>
  37. 37. Mixed Economy <ul><li>Canada is a mixed economy, but it is closer to market than command </li></ul>
  38. 38. Canada’s Foreign Exchange Rate <ul><li>The price of 1 country’s currency compared to another… </li></ul><ul><ul><li>1 US dollar = 1.01 Canadian dollars </li></ul></ul><ul><ul><li>1 US dollar = .75 EU euros </li></ul></ul><ul><ul><li>1 Canadian dollar = .7501 EU euros </li></ul></ul><ul><li>What does this mean? </li></ul><ul><ul><li>The US economy is a little stronger than Canada’s; however, the economy of the European Union is stronger than both! </li></ul></ul>
  39. 39. Canada’s Natural Resources <ul><li>What’s available? </li></ul><ul><ul><li>Minerals like: iron ore, nickel, zinc, copper, gold, lead, molybdenum, potash, diamonds, and silver, </li></ul></ul><ul><ul><li>fish , timber, wildlife, coal, petroleum, natural gas, hydroelectric power </li></ul></ul>
  40. 40. Canada’s Land Use <ul><li>What percentage of the land is arable (capable of being farmed)? </li></ul><ul><ul><li>5% (only in Southern Canada; Northern Canada’s terrain is permafrost!) </li></ul></ul><ul><ul><li>This is actually a large amount, considering Canada is the world’s 2 nd largest country </li></ul></ul><ul><li>What are the major agricultural products? </li></ul><ul><ul><li>Wheat, barley, oilseed, tobacco, fruits, vegetables, dairy products, forest products, fish </li></ul></ul>
  41. 41. Canada’s Industries <ul><li>What’s being produced in the factories? </li></ul><ul><ul><li>Transportation equipment, chemicals, processed and unprocessed minerals, food products , wood and paper products, fish products, petroleum , natural gas </li></ul></ul>
  42. 42. 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%
  43. 43. Canada’s Literacy Rate <ul><li>What percentage of people over the age of 15 can read and write? </li></ul><ul><ul><li>99% </li></ul></ul><ul><li>How long are students required to stay in school? </li></ul><ul><ul><li>17 years </li></ul></ul>
  44. 44. Canada’s Unemployment Rate <ul><li>What percentage of people do not have jobs? </li></ul><ul><ul><li>8.3% </li></ul></ul><ul><li>What percentage of people live in poverty? </li></ul><ul><ul><li>10.8% </li></ul></ul>
  45. 45. Canada’s GDP <ul><li>$1.336 trillion (2009) </li></ul><ul><ul><li>15 th in the world </li></ul></ul><ul><li>GDP Per Capita--What is the value of goods and services produced per person ? </li></ul><ul><ul><li>$38,100 (2009) </li></ul></ul>
  46. 46. 4 Factors That Effect Canada’s GDP <ul><li>Human Capital : Canada is investing in education & training (check out literacy rate!) </li></ul><ul><li>Capital Goods: Canada is investing in new technology & building new factories </li></ul><ul><li>Abundant Natural Resources </li></ul><ul><li>Entrepreneurship </li></ul>
  47. 47. North American Free Trade Agreement <ul><li>Signed by the US, Canada, & Mexico in the mid-1990s </li></ul><ul><li>Eliminated trade barriers between the 3 countries </li></ul><ul><li>Free Trade between the 3 countries </li></ul><ul><li>How has it affected Canada’s economy? </li></ul><ul><ul><li>It eliminated trade barriers with US & Mexico, and allows them to trade more freely at a better cost </li></ul></ul>
  48. 48. Canada’s Economic Problems <ul><li>Unemployment & poverty </li></ul><ul><li>Over-depletion of natural resources </li></ul><ul><li>Acid rain from factories near Great Lakes region is destroying timber resources </li></ul><ul><li>Improving public services (which forces the country to raise taxes) </li></ul>

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