Comparing Latin American Economies Cuba and Brazil Cuba
Comparing Latin American Economies Cuba and Brazil
Cuba
Cuba’s Economic System Cuba has a Command economic system • What does this mean? Cuban people have been trying to balance more economic freedom with firm government control
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% What are the major agricultural products? • Sugar and tobacco
Cuba’s Industries What’s being produced in the factories? • Agricultural machinery and pharmaceuticals
Cuba’s Literacy Rate What percentage of people over the age of 15 can read and write? • 97% 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 person? • $12, 700 (2008)
Cuba’s Economic Problems Shortages of food, consumer goods and services Lower standards of living since Soviet Union aid ended in 1990 s
Brazil
Brazil’s Economic System Germany has a Mixed economic system • After the end of military government in 1985, Brazil has become an industrial and agricultural leader in South America.
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. 93% What are the major agricultural products? • Coffee and soybeans
Brazil’s Industries What’s being produced in the factories? • Textiles, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicle parts, machinery, and equipment
Brazil’s Literacy Rate What percentage of people over the age of 15 can read and write? • 86% How long are students required to stay in school? • 14 years
Brazil’s Unemployment Rate What percentage of people do not have jobs? • 8%
Brazil’s GDP $2. 03 trillion (2008) GDP Per Capita--What is the value of goods and services produced person? • $10, 300 (2008)
Brazil’s Economic Problems Since the global financial crisis in 2008, Brazil’s currency and stock market have lost value. Bovespa (stock market) down 41% at end of 2008 Demand for goods has dropped
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