Our World

Globalization in Latin America

While trying to find an article that pertains to Latin America, our next chapter, I ran across this one pertaining to globalization. It shows the most globalized economies in Latin America. Panama topped the list, followed by the Dominican Republic and then Costa Rica.
The guide looked at six main indicators to determine the level globalization. "These include exports of goods and services as a percent of GDP, imports of goods and services as a percent of GDP, foreign direct investment as a percent of GDP, tourism receipts as a percent of GDP, remittances as a percent of GDP and Internet penetration." The country of Argentina was last because of its low level trades and foreign direct investment.
I think it’s great that countries are continuing to globalize with technology, economics and different cultures. By expanding our culture we can increase trade and monetary affairs, while also having an impact on many global issues.
Latin America Globalization

posted by Anonymous @ 2/23/2006 08:04:00 PM