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PART III
Trading Partners
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CHAPTER 10
The Americas and the Caribbean Basin
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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
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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-spending4
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WHY DO WE GO TO WAR?
World Peace
Intervention in a conflict
Should we continue to be involved?
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ARMS INDUSTRY & WAR BUSINESS
Worlds’ largest defense budget – do you think
we really need to put this money into defense
budget?
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ARM EXPORTERS & IMPORTERS
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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
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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
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POLITICAL AND ECONOMIC OVERVIEW
10
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
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EFFORTS TO UNIFY THE AMERICAS
Pan-American Union created in 1910 with the purpose of closer economic, cultural, and political relations
Forty years later, the ninth Pan-American Conference created the Organization of American States (OAS)
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EFFORTS TO UNIFY THE AMERICAS
A Free Trade Area of the Americas (FTAA) 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 Mercosur (Southern South American
Common Market)
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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
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ECONOMIC AND
INDUSTRIAL
STANDING OF
SELECTED
AMERICAN
COUNTRIES
Canada has largest geographic size; the United States has the largest population
Economic and industrial dominance of the United States carries both an advantage and a responsibility
Only the U.S. and Canada are considered developed countries; most countries in region are considered developing countries
Inflation rates range from -0.7 percent, in United States, to 8.6 percent, in Jamaica
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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
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