Southern Cone Common Market: Mercosur
Marketing
Since the signing of the Assucion treaty signed in 1991, the hoped for benefits for the countries in the Mercosur have not been completely realized for all involved. This work will concentrate on the marketing and trade issues of each country in the region.
The Southern Cone Common Market is a Latin American trade organization that is called Mercosur and was established in 1991 for the purpose of increasing the cooperation in economic efforts in the member countries. Member countries are Argentina, Brazil, Bolivia, Chile, Uruguay, Paraguay and Peru. The economies are different from country to country inside the Mercosur region. Brazil and Argentina were originally at odds and had been for many years top competitors preceding entrance into Mercosur. The goals in Mercosur are gradual elimination of tariffs between the member nations. Since the 1991 signing of the Assuncion Treat trade between the member countries has increased dramatically. The Assuncion Treaty was signed to establish a "common-trade market allowing for freedom of movement between countries and in order to benefit from an increased productivity.
The economy in Chile is based on mineral export, which can be credited for one-half of all exports of Chile. Chile is the largest producer of copper in the world and agriculture is the basis for ten percent of the national wealth in Chile. . The main exports are petroleum, wheat, capital goods, spare parts and raw materials. Chile has a severe problem with producing adequate food supply for the country
Peru's economy is based on agriculture in coffee, cotton, sugarcane, rice, wheat, potatoes, corn, plantains, coca; poultry, beef, dairy products, wool; fish. Industries are agriculture, mining and quarrying, manufacturing, construction, transport, services. Peru's natural resources are copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate,...
In addition Peru is second largest producer of zinc, third in copper and tin, fourth in lead, and sixth in gold ("Peru"). Additionally Peru's export revenue is dominated by mineral exports at nearly 63% in 2008("Peru"). According to an article found in the Wall Street Journal, Low metal prices will have a negative impact on Peru's economy well into 2009. The article explains that the Lima Stock Exchange which is
Again, Peru is far from being the most impoverished country in South America, and its export capabilities as well as the rural practices of many of the country's citizens suggest higher levels of development than might be accurately measured through statistical means alone. There is still definitely a poverty situation in the country that needs to be addressed, however. The disparity of wealth distribution amongst the country's population and the
Peru in Comparison to Uganda, Colombia, & India This paper looks at Peru, and discusses three fundamental problems faced by this country. The paper then compares Peru to three other developing countries, Uganda, Colombia and India, in terms of these three fundamental problems. Peru was subjected to over a decade of military rule, which ended in 1980; since then, the country has been ruled by a succession of democratic governments, but
Peru Sbux Economic Conditions of Peru The Peruvian economy is of modest size, with a GDP of $332 million that equates to a GDP per capita of $10,900. The GDP growth rate is 6.3% and this rate of growth has been slowing for the past couple of years. The country's unemployment rate is relatively low but over a quarter of the country lives below the poverty line. Agricultural accounts for 6.4% of
Cultural Resume of Peru Customs and Courtesies Greetings: Spanish, Quechua and Aymara are officially recognized. Many speak Spanish and an indigenous language; those with higher education often also speak English (International YMCA, n.d., p. 2). It is polite to greet all people you meet. Greetings such as "Buenos Dias" ("Good Day") and smiling are important. The address of "Gringo/Gringa" ("Foreigner") is meant politely. The most common man/woman and man/man greeting is the
Capital (% of GNI per capita) Source: The World Bank (2009) The following table shows the procedures time and costs involved in construction of a warehouse, obtaining the licenses and permits necessary and completion of the required notifications and inspections as well as obtaining utility connections. Procedures and Costs Involved in Warehouse Construction Indicator Peru Region OECD Procedures (number) Duration (days) Cost (% of income per capita) Source: The World Bank (2009) Peru is stated to rank 149 among other countries
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