LAS 208 Final Exam Questions and
Answers
Regional Integration (Free Trade Agreement) - ANSWERS-All these agreements were to promote
free market and global trade:
- NAFTA (U.S./Canada/Mexico) 1994
-MERCOSUR(Brazil/Argentina/Uruguay/Paraguay/Venezuela)
- CAFTA (Costa Rica/El Salvador/Guatemala/Honduras/Nicaragua //U.S./D.R.)
- CARICOM(The Caribbean(except Cuba)
- CAN(Council of Andean Nations)
Sustainable Development: Inter-development bank video clip - ANSWERS-- Latin America takes
up 16% of continental land but 40% of the world's biodiversity lives in this area
- Biodiversity superpower
- 6/10 most biodiverse countries in world (Brazil, Columbia, Ecuador, Mexico, Peru, Venezuela)
- The Region is growing fast (6-7 million per year increase)
- If business practices are not sustainable they won't last very long
- Latin Americans rely on their ecosystems for: water security, soil fertility, pollination, pest
control, food security, storm mitigation, climate regulation, and new business.
Ecotourism/Mamiraua (Brazil) - ANSWERS-Flooded forest reserve/scientist study biodiversity
and teach indigenous people sustainable hunting practices
Isla Chira (Costa Rica) - ANSWERS-Group of women were tired of having children so they
decided to run a small hotel (cultural experience in this hotel)
, 1st economic world crisis - ANSWERS-World War 1
- low demand for LA commodities
- later period rising cost of imports
- Zimmerman telegram
2nd economic world crisis - ANSWERS-The Great Depression
- slowed the flows of exports to the US and Europe
- capital coming from the US and Europe diminished
3rd economic world crisis - ANSWERS-World War 2
- British market shrunk
- Finance credit programs eliminated
- Marshall plan (rebuilding Europe)
- reserves from the export sales during war led to inflation
- all these factors hurt LA because of their economic relations
Import-Substitution Industrialization (ISI) - ANSWERS-- an economic policy with strong emphasis
in replacing foreign imports with domestic production
- influenced by the economic theorist Raul Prebish (Argentina)
- believed in state directed, centrally planned for of economic development
- state induced industrialization through government spending
ISI (cont.) - ANSWERS-- LA developed light industries (non-durable goods: shoes, food, clothes)
- foster social and economic development in LA
- only large companies with big national markets benefited (Mexico, Brazil, Argentina)
- limited market to compete
Answers
Regional Integration (Free Trade Agreement) - ANSWERS-All these agreements were to promote
free market and global trade:
- NAFTA (U.S./Canada/Mexico) 1994
-MERCOSUR(Brazil/Argentina/Uruguay/Paraguay/Venezuela)
- CAFTA (Costa Rica/El Salvador/Guatemala/Honduras/Nicaragua //U.S./D.R.)
- CARICOM(The Caribbean(except Cuba)
- CAN(Council of Andean Nations)
Sustainable Development: Inter-development bank video clip - ANSWERS-- Latin America takes
up 16% of continental land but 40% of the world's biodiversity lives in this area
- Biodiversity superpower
- 6/10 most biodiverse countries in world (Brazil, Columbia, Ecuador, Mexico, Peru, Venezuela)
- The Region is growing fast (6-7 million per year increase)
- If business practices are not sustainable they won't last very long
- Latin Americans rely on their ecosystems for: water security, soil fertility, pollination, pest
control, food security, storm mitigation, climate regulation, and new business.
Ecotourism/Mamiraua (Brazil) - ANSWERS-Flooded forest reserve/scientist study biodiversity
and teach indigenous people sustainable hunting practices
Isla Chira (Costa Rica) - ANSWERS-Group of women were tired of having children so they
decided to run a small hotel (cultural experience in this hotel)
, 1st economic world crisis - ANSWERS-World War 1
- low demand for LA commodities
- later period rising cost of imports
- Zimmerman telegram
2nd economic world crisis - ANSWERS-The Great Depression
- slowed the flows of exports to the US and Europe
- capital coming from the US and Europe diminished
3rd economic world crisis - ANSWERS-World War 2
- British market shrunk
- Finance credit programs eliminated
- Marshall plan (rebuilding Europe)
- reserves from the export sales during war led to inflation
- all these factors hurt LA because of their economic relations
Import-Substitution Industrialization (ISI) - ANSWERS-- an economic policy with strong emphasis
in replacing foreign imports with domestic production
- influenced by the economic theorist Raul Prebish (Argentina)
- believed in state directed, centrally planned for of economic development
- state induced industrialization through government spending
ISI (cont.) - ANSWERS-- LA developed light industries (non-durable goods: shoes, food, clothes)
- foster social and economic development in LA
- only large companies with big national markets benefited (Mexico, Brazil, Argentina)
- limited market to compete
