This website uses cookies to ensure you have the best experience. Learn more

Regional Economy Paper

591 words - 3 pages

Regional Economy
Yokeshia West
GEO 150
Matthew Snyder
University of Phoenix
June 2, 2009

Regional Economy
Mercosur was founded in 1991 by the Treaty of Asunción between Argentina, Brazil, Paraguay and Uruguay. The treaty defines its objectives, principles and instruments and lays down its institutional structure. Mercosur was conceived initially as an essentially economic integration arrangement to promote a custom union and a common market among the four founding countries.  However, since 2002 the Mercosur leaders have agreed upon the need for a development model in which growth, social justice and people’s dignity are linked.
The colonial economy was centered on isolated agricultural and mining centers in which foreign-financed and foreign-managed firms employed local labor to produce raw materials for export to Europe, North America, and Japan. Colonial administrations started most of ...view middle of the document...

Third, since African industrialization was largely initiated by European firms, it was not in the firms’ interest to create competition for their own products in Europe. Fourth, in the case of some countries, both the colonial and later African governments kept the exchange rates of their currencies too high, making imported consumer goods more affordable.
South Africa and Zimbabwe were two distinct exceptions to this general lack of industrialization. South Africa had been administered by settlers of European descent since the early 20th century. The size and technical skill level of the settler population—combined with relative autonomy from colonial powers—supported greater economic development, making it possible for industrialization to succeed. In the case of the colony of Rhodesia (what is now Zimbabwe), the white minority regime faced world sanctions for its illegal takeover of the government in 1965, and was forced to embark on homegrown industrial development to meet its own domestic needs. At independence in 1980, Zimbabwe had one of the most developed economies on the continent, second only to South Africa.
Meeting Africa’s infrastructure needs is at the heart of the African Union’s development framework, the New Partnership for Africa’s Development (NEPAD), which promotes good governance and economic policies that foster rapid and sustainable growth, poverty alleviation and better integration into the global economy. NEPAD’s $8 bn Short-Term Action Plan for infrastructure includes 20 priority projects designed to lay the foundations for an integrated African economy and attract medium- and long-term investments to close the continent’s infrastructure gap. Those priorities include:
A West African gas pipeline to transport Nigerian natural gas to neighboring countries to fuel electric power plants modernization and expansion of container-handling facilities at the strategically important Kenyan port of Mombasa the Nile Basin Initiative to strengthen regional cooperation and management of the river, which flows through 10 countries and is the world’s longest improvement of the ability of Africa’s regional economic communities to plan and manage the development of infrastructure involving more than one country.

Other Essays Like Regional Economy Paper

Russian Country-Market Environmental Analysis

561 words - 3 pages COUNTRY-MARKET ENVIRONMENTAL ANALYSIS By Name Tatyana Ruchkina (Iup201121) I choose Russian Market as my analysis objective. Because I wonder why they hold so strong economic and can be leading positions in many areas. So I will collect data to find some answers in this paper. 1) Culture Russia is a multinational state. In the Russian Federation than the Russians who make up more than 80 percent of the population live about 180 other Nations

Rise and Risk of China Essay

1702 words - 7 pages stability” (Australian Department of Foreign Affairs and Trade in Shen 2009, 12). Cogan argues that Australia has been “arguably blindly faithful” (2012) to the US, which would inevitably “incur maximum retaliation from China…with catastrophic repercussion for the Australian economy and regional interest” (Shen 2009, 109) in the event of conflict over Taiwan. With the newest defence White Paper including a US aircraft carrier to be based in WA

Economic Critique Paper

1482 words - 6 pages Economic Critique Paper Learning Team C - Nickolas Keiper, Victus McDaniel, & Michael Walker ECO/372 October 21, 2014 Dr. Thomas Seel Economic Critique We, a group of international reporters have been tasked with describing and critiquing the current state of the U.S. economy. To do this we will examine unemployment, future expectations, consumer income, and interest rates. Furthermore, we will identify existing effects of economic

Research Paper: Roaring Twenties

1729 words - 7 pages Research Paper: Roaring Twenties After World War 1, America had to demobilize and revert back to a peace time economy. During the 1920’s, it was viewed as a prosperous economy since there was a new labor force due to demobilization, new inventions, and a new infrastructure. Also moral spirits were high since America along with the Allied Powers defeated Germany and the Great War was finally over. However, America began making many economic

Hk Export

4325 words - 18 pages below in order to remain as a freest economy in the world for seventeen years. Figure 3 in Appendix showing the Hong Kong’s GDP growth Macroeconomics Individual Paper 6 DSME 5011 - Economics Clara Tak-Wai LAW Chart 4 Hong Kong’s GDP Source: 4.2.1 Free Trade Policy No tariff is imposed on import and export goods to minimize the trade barriers and burden of custom procedures. Because of this

Azerbaijan Point Paper

1018 words - 5 pages Nagorno-Karabakh conflict challenges regional security and has the potential to ignite a high intense obstacle for stability. The U.S. reaffirmed strong support for the OSCE Minsk Group peace process. This peace will create favorable security conditions for open market economy and continued foreign investment. The U.S. is committed to assist in reforms in governmental and economic growth.

How Latin America Could Get Out of Imf's Control

3460 words - 14 pages decade, Latin America’s economy has strengthened their body and benefited from high exports, strong economic growth in its trading partners and good global financial conditions and domestic policies. All of this is related with international financial institutions and one of IFIs, International Monetary Fund had affected in currency perspective in the region. In this paper, I will search the changing relationship between Latin America and one of

Comparison of Inflation, China and the Us

1919 words - 8 pages between inflation uncertainty and macroeconomic performance. Center for Doctoral Studies in Economics and Management, Discussion Paper No. 13. Mataloni, L. (2012). Gross Domestic Product third quarter 2012 advance Estimate. Retrieved from Mehrotra, A. Peltonen, T. & Rivera, A. S. (2007) Modelling Inflation in China: A Regional Perspective. European Central Bank, Working

Marketing Research for Mcbride's Financial Servicesmarketing

949 words - 4 pages influence you business plan. How many competitors provide the same service? If the market if flood with businesses providing the same service profit become tough to generate. Determine how many competitors are in your target area; look for ads in the news paper and in the phone book, for smaller business. Larger businesses are more prominent and easy to indentify. Use this information to determine if you will be able to compete. Can I


5448 words - 22 pages that it expresses the total effect relative to the direct effect. It is a shorthand way of summarizing the magnitude of the indirect and induced effects generated by a given direct change in the economy (MARAD, 1987). The number of economic sectors varies for a nation, state or a region. The input-output table used in the MARAD Port Kit Model consists of 30 sectors or industries. However, a regional input -output model is required to correctly

Assessing the Impact of Globalization on the Caribbean Business Environment

3225 words - 13 pages ) Module 4 Features and Impact of Globalization International October 2012 Management of Social Transformation – MOST Discussion Paper Series - No. 17 Norman Girvan. “Towards a Single Development Vision and the Role of the Single Economy July 2007 Remarks by Ambassador Irwin Larocque, Secretary General of the CARICOM at the Annual General Meeting of Trinidad and Tobago Coalition of Services

Related Papers

Market Plan Mkt5125 Essay

5533 words - 23 pages and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student's Signature. TITLE OF RUBRIC: Marketing Decisions for Managers Marketing Plan for Regional Rental Inc. Course: MKT 5125 PURPOSE: Applying theory to practice Date: 12/11/15 VALIDITY: Marketing

Business Incubation Essay

593 words - 3 pages within the United States economy. This has become known as the “industrial age” as well as the “information age.” Certain conditions today has set roles and contribution of firms, new businesses starting up, and small business has made it necessary to regional and also national economies. This known to be part of the realization showing the importance in the business world today and is fix totally in both natural and physical resources as well as

The United Kingdom And India: A Study Of Gender And Economic/Regional Cleavages

2456 words - 10 pages state also with a parliamentary form of government. Despite these similar political systems, studies of the individual histories, economies, and political cultures of each country reveal cleavages within each society affecting aspects of the governments such as institutions, voting behavior, and policy making. This paper will address two major cleavages within the United Kingdom and India, gender inequality and economic/regional divisions, and will

Study On Globalization Essay

2943 words - 12 pages not represent the views of the US Government 4 Discussion paper -- does not represent the views of the US Government populations. Should Europe be able to access and absorb its neighbouring human capital stocks, it could build the most technologically advanced economy and become the economic leader of the global world. However, several problems stand in the way of easy success. The EU itself currently limits its access to these resources