Comparing Latin American Economies

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Comparing Latin American Economies

  1. 1. Comparing Latin American Economies Mexico, Brazil, & Cuba Unit 10 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>

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