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The Economies of Latin America - Coggle Diagram
The Economies of Latin America
Central America
Industries
Tourism
Provides more than 50% of the jobs available in Costa rica
Tourism in countries such as Costa Rica are focused on the rainforests
Tourism in the Bahamas is focused on things such as coral reefs and scuba diving
Farming
Sugarcane Plantations
Fruits
Mangoes
Oranges
Bananas/Plantains
Cash Crops
Coffee Beans
Cocoa Beans
Maize
Avocados
Wheat
Manufacturing
High-tech products from Puerto Rico
Mining
Gold
Copper
Silver
Challenges that the industries are facing
Environmental Factors
Previous major flooding in Central America
2010 Earthquake in Haiti
Counties being struck by Hurricane Mitch in 1998
Social Impacts
Tourism
Pollution
Over-usage of electricity
Over-consumption of food
Cuban citizens were not allowed to open their own businesses.
Agriculture
The rainforest soil isn't very fertile.
Wood used to build barns
Deforestation and the destruction of farmable land is causing places to turn in desert-like land.
Land is being cleared for livestock grazing space.
Poverty
24.8% poverty rate in Costa Rica
42% poverty rate in Nicaragua
80% poverty rate in Haiti
How are countries improving living conditions for their citizens?
The Cuban government allowed its citizens to start their own businesses.
Eco-lodges are being made to make tourism more sustainable.
Cruise ships are conserving more fuel, and they are recycling.
Tourists are being pointed to rainforest reserves by guides.
Countries and aid programs are given money and emergency rescue workers to help people and companies affected by natural disasters
South America
Challenges to Industries
illegal mining
affects agriculture and fishing
Mercury is often used to separate gold from sand
the mercury often ends up in rivers, contaminating the fish
mass deforestation occurs during the mining process
this causes a lot of carbon to be released, which causes erratic weather due to climate change that makes it hard to plant crobs
Covid-19 Pandemic
GDP growth rates
Brazil
Very periodic, leaves unemployment rates skyrocketing
Chile
Recovering moderately of about 2.0 percent in 2024
Peru
Extremely high infection rates
Migrants from other Latin American countries trying to find jobs in more historically economically stable countries
terrain
affects agriculture
rugged terrain
inconsistent rainfall
low, steep mountains
poverty
affects all industries
If people can't afford to live, they can't afford to buy products and work
Peru poverty rate-25%
a
Brazil poverty rate-21.3%
Industries/Exports
Farming
Cash Crops
Sugarcane
Wheat
Coffee
Asparagus
Valuable Exports
Chile
Grapes
Olives
Olive Oil
Brazil
Coffee
Sugarcane
Raw Sugar
Peru
Sugarcane
Wheat
Coffee
Asparagus
Argentina
Soybeans
Cattle
Mining
Brazil
Iron ore
Bauxite
Gold
Copper
Diamonds
Manufactured Metals
Steel
Peru
Zinc
Copper
Tin
Lead
Gold
Silver
Primary Industries
Mining
Agriculture
Ranching
Forestry
Fishing
How countries can/are improving their citizens lives
Chile
helping to ease povery
expand social reforms
use profits from copper exports to create
Brazil
stop the illegal mining and mercury usage so people won't get mercury poisoning
Implement better protection laws for the Amazon
Peru
provide financial aid to farmers who are affected by climate change/ bad terrain for farming
invest in infustructure in mountainous areas
provide more farmland with better conditions for farmers who live in mountainous areas
Argentina
Implement financial aid people living in low income areas