PART III Trading Partners The Americas and the Caribbean Basin - PowerPoint PPT Presentation

PART III Trading Partners

The Americas and the Caribbean Basin CHAPTER 10

THE US AND WARS  List of wars involving the United States http://en.wikipedia.org/wiki/List_of_wars_invol ving_the_United_States  America’s wars: U.S. Casualities and Veterans http://www.infoplease.com/ipa/A0004615.html 3

THE US DEFENSE BUDGET  Too much on defense budget? http://www.slate.com/articles/technology/ameri can_prosperity_consensus/2013/10/american_ prosperity_consensus_is_excessive_defense_spe nding_the_most_important.html  Safely cut our defense budget? http://www.usnews.com/opinion/blogs/economi c-intelligence/2012/06/21/how-to-safely-cut-us- defense-spending 4

WHY DO WE GO TO WAR?  World Peace  Intervention in a conflict  Should we continue to be involved? 5

ARMS INDUSTRY & WAR BUSINESS  Worlds’ largest defense budget – do you think we really need to put this money into defense budget? 6

ARM EXPORTERS & IMPORTERS 7

OBJECTIVES  Examine the evolution of economic and political organization in the Americas  Examine the roles of producing and consuming countries, areas of expertise, and specialization  Explore industrial development and trade regulations in the different sectors  Discuss major participating countries in the textile and apparel business 8

INTRODUCTION  North, Central, and South America span the globe vertically, from north to south  The technology for spinning and weaving machines developed in Europe migrated to the early colonies through industrial espionage  The influences of European, Asian and African cultures are reflected in different sectors throughout the Americas and in the textiles and apparel found here 9

POLITICAL AND ECONOMIC OVERVIEW The terms America and the Americas , as used in this text, refer to the combination of North, Middle, and South America Western Hemisphere = North America, Central America, West Indies, and South America 10

EFFORTS TO UNIFY THE AMERICAS  Pa Pan-Ameri American can Unio Union n created in 1910 with the purpose of closer economic, cultural, and political relations  Forty years later, the ninth Pan-American Conference created the Org rganiz anization tion of Ame meric rican an St States es (O (OAS) S) 11

EFFORTS TO UNIFY THE AMERICAS  A Free ee Trade ade Ar Area ea of th the e Am Amer ericas icas (F (FTAA) AA) was the most comprehensive free trade agreement ever proposed for this region  North Americans see FTAA as an extension of NAFTA, and South Americans see FTAA as an extension of Me Mercos cosur ur (S (Southern outhern South uth Ame merican rican Common mmon Ma Mark rket) t) 12

CULTURAL DIVERSITY IN THE AMERICAS  The OAS has four official languages: English, Spanish, Portuguese, and French  Roots of ideas, customs, and skills are based in sources of these languages  Cultural values cannot be judged as right or wrong, only as different  North America is often described as progressive while Latin America is seen as traditional 15

 Canada has largest geographic size; the United States has the largest ECONOMIC AND population INDUSTRIAL  Economic and industrial dominance STANDING OF of the United States carries both an advantage and a responsibility SELECTED AMERICAN  Only the U.S. and Canada are considered developed countries; most COUNTRIES countries in region are considered developing countries  Inflation rates range from -0.7 percent, in United States, to 8.6 percent, in Jamaica 16

TRENDS IN TEXTILE AND APPAREL TRADE IN THE AMERICAS  Dominance of the United States, Canada, and Mexico in the textile and apparel trade in the Americas  Many U.S. apparel brands sold around the world; few garments actually produced in the United States  The force of China is likely to have decreased Caribbean Basin apparel exports since 2008 18