Economic Development and the Americas
Economic Growth Factors:
Political Stability in policies affecting development
Economic and legal reforms poorly defined or enforced
Entrepreneurship : Free enterprise in the hands of self employed
Planning: A central plan with observable and measurable goals
Stages of Econ. development
More-developed countries: Industrialized countries with high per capita incomes
Less-developed countries: industrially developing countries entering world trade
Least- developed countries: Industrially underdeveloped, agrarian societies
Nafta:
Relationship between the US and other countries to position themselves with trade
Nafta became effective in 1994
Remove barriers and tariffs to have free trade
Demand in developing countries:
Estimating market potential and devising useful segmentation strategies in less-developed countries involves challenges
Manage and market to the transitional sector in developing countries
Emerging markets in latin american countries
Infrastructure and development
It directly affects a country's economic growth potential
Infrastructure represents capital goods
Pushing Free trade:
The Americas -CFTA
Southern Cone Free Trade Area (Merco Sur)
Nafta Free trade agreement