SOUTH AMERICA
B Y : G U T H R I E M I T C H E L L
M B A 5 1 3
ECONOMIES OF SOUTH AMERICA
Comprises around 382 million people
Living in twelve nations and three territories.
Contributes 6% of the world's population
GREAT ECONOMIC DEVELOPMENT
Since the 1990's, especially...
• Venezuela, Columbia, Argentina, Uruguay, Peru have grown by over 8% per annum.
• Brazil's economy, on the other hand, is expected to grow by a more sluggish pace in the near future.
• South America relies heavily on the exporting of goods.
BRAZIL
Largest Country
Brazilian Economy is 7th largest (by nominal GDP)
One of the world’s fastest growing economies
Has large and developed agriculture, mining, manufacturing, and service sectors, in addition to the large labor pool.
Brazilian exports are booming! Aircraft, auto’s, ethanol, textiles, corned beef
BRAZIL CONT’D
Growth large part due to a global boom in commodities prices with exports from beef and soybeans soaring.
Forestry, logging and fishing accounted for over 5% of the GPD in 2007.
“Positioned for distinction” 3rd largest exporter of agricultural products in the World
Industry Auto, steel, petrochemicals, computers, aircraft and consumer durables
account for over 30% of the GDP
10th largest energy consumer with much from renewable energy from hydroelectric and ethanol.
ARGENTINA
Abundant Natural Resources
Export oriented agricultural sector
Subject to high inflation – biggest weakness
Columbia• Grew latter part of the 20th century• Tourism
INCREASING OPPORTUNITY
Many professionals are moving from Europe to Brazil…
This picture is of Spanish architects María Palencia and Andrés Velarde both found jobs in Rio de Janeiro designing apartment complexes and other projects.
www.online.wsj.com
CONCLUSIO
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