Globalization of Latin America: An In-Depth Report
The Globalization of Latin America
Louis O. Rollins
Excelsior College- Albany, NY
BUS 506- Information Technology
15 March 2015
Dr. Bonnie Kincaid
Abstract:
Globalization is the big buzz word in the world of business. Countries now seemingly depend on each other more and more these days to get the goods and services that they can’t get in their own countries. These goods and services, over the years, have become an integral part of the daily lives of the people all over the world. The fact that some countries are still striving to get that open door to access all that the global market has to offer is something that is a conundrum that needs solving today. With all the emerging markets and developing countries at our disposal globalization in Latin America should have happened long ago. Why hasn’t Latin America capitalized on the markets? They have many untapped natural resources, workers and undeveloped areas to build factories. This is a confusing and surprising conundrum that has held back Latin America for many years as a viable contributing member of the world economy.
Introduction
The world has almost truly become intertwined with respects to business. We have cars from Germany, Korea, Japan, Sweden, and the United States to name a few. Electronics, from Germany, Korea, Japan, United States and China. These products, goods and services are staples of the global society as we know it today. The Latin American economy has been a puzzle that has bewildered a lot of countries for a long time. The region lies just south of the United States and some of the countries are still considered third world countries. This had held back the economy in ways that the nations in Latin America had never imagined, missed revenue that could elevate them to true global status. What has happened to Latin America in the global economy? There are some countries that are in the emerging markets and other that haven’t been developed yet. Why? And how does that happen?
Louis O. Rollins
Excelsior College- Albany, NY
BUS 506- Information Technology
15 March 2015
Dr. Bonnie Kincaid
Abstract:
Globalization is the big buzz word in the world of business. Countries now seemingly depend on each other more and more these days to get the goods and services that they can’t get in their own countries. These goods and services, over the years, have become an integral part of the daily lives of the people all over the world. The fact that some countries are still striving to get that open door to access all that the global market has to offer is something that is a conundrum that needs solving today. With all the emerging markets and developing countries at our disposal globalization in Latin America should have happened long ago. Why hasn’t Latin America capitalized on the markets? They have many untapped natural resources, workers and undeveloped areas to build factories. This is a confusing and surprising conundrum that has held back Latin America for many years as a viable contributing member of the world economy.
Introduction
The world has almost truly become intertwined with respects to business. We have cars from Germany, Korea, Japan, Sweden, and the United States to name a few. Electronics, from Germany, Korea, Japan, United States and China. These products, goods and services are staples of the global society as we know it today. The Latin American economy has been a puzzle that has bewildered a lot of countries for a long time. The region lies just south of the United States and some of the countries are still considered third world countries. This had held back the economy in ways that the nations in Latin America had never imagined, missed revenue that could elevate them to true global status. What has happened to Latin America in the global economy? There are some countries that are in the emerging markets and other that haven’t been developed yet. Why? And how does that happen?
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