Comparing latin american economies plus canada

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  • 1. Comparing Latin American Economies Mexico, Brazil, & Cuba Unit 6 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)
  • 30. Canadas Economy
  • 31. 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
  • 32. 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 .
  • 33. Most countries lie somewhere in between -However, they may be closer to one side than the other
  • 34. 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?
  • 35. 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?