1. The Economic Systems
of Brazil and Cuba

2. Brazil There is competition in most major industries.
What does this mean? What kind of economic system does this suggest Brazil has?
The two largest banks are government owned.

3. Brazil Strongest economy of all the South American countries
Strong agricultural, mining, manufacturing and service industries
Government controls some areas like health care, some banks, and postal service.

4. What do you think? So … Brazil has a _____________ market economy!
Why?

5. Brazil Top trading partners: The United States and Argentina
Brazil is the #1 producer of coffee in the world
Other products:
Crops: sugarcane and oranges
Manufacturing: cars, trucks and other items made of steel (Brazil has iron ore deposits as a natural resource)

6. Cuba
According to Cuba’s government, most industries are owned by the government. The U.S. banned trade with Cuba because of it’s communist government.
What does this mean? What type of economic system does this suggest that Cuba has?
Cuba has a thriving informal economy, where people can get goods and services the government doesn’t provide. This informal economy is based on competition.

7. Cuba
BUT ULTIMATELY … Government owns all resources and property, and decides what and how much is to be produced.

8. What do you think?
Cuba has a _________________ economy!
Why?

9. Cuba
Trading Partners: Venezuela and China (the Soviet Union was Cuba’s main trading partner before it’s collapse)
Major Exports: sugar, nickel, tobacco and fish

10. Complete the Economic Systems Analysis on Brazil and Cuba!
Now, let’s get to work!
Complete the Economic Systems Analysis on Brazil and Cuba!

11. Stop and Think! (Directions)
Step One: On your own!
List 3 – 5 main ideas of today’s lesson on the economies of Brazil and Cuba.
Write down at least 1 thing that you are still confused about.
Step Two: With your partner!
Compare your lists.
Write a main idea statement (a complete sentence!) for today’s lesson using each of your lists.
Using the issues/confusing points you each listed either:
Write a statement correcting the confusion, if you can help each other.
Write questions to pose to the class, so that you can write a correct statement.

12. Use this slide to help review with students after they have completed the analysis activity.