Comparing Latin American Economies

1
Comparing Latin American Economies

• Mexico, Brazil, Cuba
• Unit 10 Notes

2
Foreign Exchange Rates

• The price of 1 countrys currency compared to
  another
• 1 US dollar 11 Mexican pesos
• 1 US dollar 1.8 Brazilian reals
• 1 US dollar .92 Cuban pesos

3
United Mexican States
4
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?

5
Mexicos Economic System

• Mexico has a Mixed economic system, that is
  closer to market than command.

6
Mexicos Natural Resources

• Whats available?
• petroleum, silver, copper, gold, lead, zinc,
  natural gas, timber

7
Mexicos Land Use

• What percentage of the land is arable (capable of
  being farmed)?
• 12.66

8
Mexicos Industries

• Whats 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.

9
Mexicos 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

10
Mexicos 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

11
Mexicos GDP

• 1.578 trillion (2008)
• GDP Per Capita--What is the value of goods and
  services produced per person?
• 14,400 (2008)

12
Federative Republic of Brazil
13
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?

14
Brazils Economic System

• Brazil has a Mixed economic system

15
Brazils Natural Resources

• Whats available?
• bauxite, gold, iron ore, manganese, nickel,
  phosphates, platinum, tin, uranium, petroleum,
  hydropower, timber

16
Brazils Land Use

• What percentage of the land is arable (capable of
  being farmed)?
• 6.9

17
Brazils Industries

• Whats being produced in the factories?
• textiles, shoes, chemicals, cement, lumber, iron
  ore, tin, steel, aircraft, motor vehicles and
  parts, other machinery and equipment

18
Brazils 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

19
Brazils Unemployment Rate

• What percentage of people do not have jobs?
• 8
• What percentage of people live in poverty?
• 22

20
Brazils GDP

• 2.03 trillion (2008)
• GDP Per Capita--What is the value of goods and
  services produced per person?
• 10,300 (2007)

21
Republic of Cuba
22
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?

23
Cubas Economic System

• Cuba has a Command economic system

24
Cubas Natural Resources

• Whats available?
• cobalt, nickel, iron ore, chromium, copper, salt,
  timber, silica, petroleum, arable land

25
Cubas Land Use

• What percentage of the land is arable (capable of
  being farmed)?
• 27.63

26
Cubas Industries

• Whats being produced in the factories?
• sugar, petroleum, tobacco, construction, nickel,
  steel, cement, agricultural machinery,
  pharmaceuticals

27
Cubas 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

28
Cubas Unemployment Rate

• What percentage of people do not have jobs?
• 1.8

29
Cubas GDP

• 144.6 billion (2008)
• GDP Per Capita--What is the value of goods and
  services produced per person?
• 12,700 (2008)