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16 Cards in this Set
- Front
- Back
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Bolivia’s Foreign Investment Resentmen
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Tin mines
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Capital Investment
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Crucial funding that makes things like industrialization possible.
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Chile’s Foreign Investment Resentment
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US copper mines nationalized by Allende in 1971.
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Cuba’s Foreign Investment Resentment
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$1.4 billion in US assets taken without compensation.
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Debt Payments
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Often keep small farmers in a cycle of continuous poverty.
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Deforestation
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When forest are wiped out.
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Foreign Investment History
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British constructed railroad in Argentina (1857-1912).
US: Oil (Venezuela & Mexico); mining, fruit. $12 billion in 1970. |
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Free Trade
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Trade without restrictions generally only benefiting the more advanced economy (country).
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Government Instability
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Discourgaes capital investment.
Caudillos won’t develop infrastructure for industrialization |
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Industrial investment
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Limited because: land ownership is more attractive;
Money more secure in US & Europe; Wealthy Latin Americans want a quick return. |
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Mexico’s Foreign Investment Resentment
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Oil fields.
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Mineral Export Dependence
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Bolivia (tin); Chile (nitrates & copper); Brazil (rubber 1900-1912); Venezuela (oil, iron ore)
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NAFTA
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North American Free Trade Agreement between US, Mexico & Canada. Often criticized as US exploiting Mexican labor.
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Nationalism
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Claiming resources and assets of country as belonging to the home country (not foreign ownership).
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Population Growth
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Children seen as old parent’s security.
Pop gorwing faster than industrial base. Urbanization in 1970s & 1980s. |
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Tax Problems
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Wealthy pay the least tax.
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