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The combined economy of Latin America (Mexico, Central and South America, as well as the Caribbean islands) is of some 5.99 trillion dollars or roughly 42% of America's GDP and 8.05% of the world's GDP. Also, with a population of 568 million, it stands as having the 8.3% of the world's population. Comparatively speaking, Latin America would be the fourth largest economy, behind the European Union, the United States and China.
Unlike regions such as South-Central Asia or Africa, Latin America has had a relatively calm political and social environment with little to no conflicts among these countries, which has allowed for greater investment from developed nations such as the US, England, France and Spain.
On a GDP per capita basis most Latin American countries, including the largest ones (Argentina, Mexico, Brazil, Chile, Peru, Venezuela, and Colombia), have per capita GDPs greater than that of China in 2009, while the majority of Latin America is substantially more developed than China. According to some estimates, by 2050 the largest economies in the world will be as follows: China, United States, India, Brazil, and Mexico.
What else can I help you with?
Describe the role of central banks and their efffect on the global economy?
A monetary policy making and has an influence over the financial conditions of the global market as a whole. SK(apex)
Why do central banks play an important role in a global economy?
they control the foreign currency reserves that are used for international trade
Which event has affected the global climate on a massive scale in the past?
it is a large asteriod striking in Central America.
What is the significance of global economy?
Its Global.
What does global sourcing do to the economy?
"Global outsourcing isn't necessarily good for the United States because it takes jobs that could be here in America, and sends them overseas to pay employees cheaper rates, leaving America jobless."
What are the most dominant areas in the global economy?
The most domi The most dominant areas in the global economy include: nant areas in the global economy include:
Why do central bank an important role in the global economy?
Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.
What are the 3 core hearth regions of global culture and economy?
The United States (North America), Western Europe, and Japan
What is the effect of politics in global economy?
A strong political will will keep the global economy sound
Why do the actions of central banks have an important effect on the global economy?
Control of the money supply determines how much money is available for international trade.
How does Mexico's climate affect its economy and global partnerships with other countries?
The economy of Mexico has been helped or hindered by climate. For example, the Chihuahuan desert in the north is the result of a 'rain shadow' effect induced by the Sierra Madre mountain range. This has limited agriculture to small fertile pockets within Mexico, which cover only 12-17% of Mexico's territory.
What was the global of NAFTA?
when North America joined Canada and Mexico for NAFTA (north American free trade agreement) in the 1993.
