8 Colonial Influences in the Caribbean Spanish:Established sugar plantationsIndians and Africans:Used as forced labor
9 Cash Crops Crops grown for direct sale, not for use in the region Examples: sugar, bananas, citrus fruits, coffeeBenefit land owners, not workers
10 Economic Growth after Colonialism Caribbean island resortsGenerates incomeProvides jobs
11 NAFTA North American Free Trade Agreement Important trade agreement creating a huge zone of cooperation on trade and economic issues in North AmericaMexico trying to reduce poverty and increase industrialization
12 MaquiladorasFactories in Mexico used to assemble imported materials into finished products and export them mostly back to the USLocated mainly along northern border of MexicoExamples of goods-electronic equipment, clothing, furniture
14 Where people live Central America-agriculture still important Caribbean islands-tourism importantWould these jobs be found in urban or rural areas?
15 Informal Economyjobs found in the tourism industry that do not include benefits or protection of workers
16 FTAA Free Trade Area of the Americas Offers greater trading opportunities, world markets and economic growth for member countriesTo include all countries of North and South America except CubaDesigned to expand NAFTA
17 MercosurEconomic common market that began operating in the southern cone of South America in 1995Goals—to make members’ economies more stable,increase trade in the region,to use some money to improve the most needy
18 Greatest South American success Story The country of Chile:Participation in global tradeAbundant Natural Resources
19 Corruption Corruption - Acting dishonestly or immorally. A history of corruption is one reason most Latin American countries are still developing economically.