Doing Business In Latin America

Many of the most important lessons in business education involve learning how to place academic concepts in a work setting. For applied

In order to successfully introduce a product into a foreign market it is important to know the culture of the country you plan to do business in. In order to introduce mobile handsets into a market like Venezuela, the supplier must be well acclimated with the purchasing habits, tastes, and willingness to purchase the product that is being sold. Understanding these things starts with building a knowledge base about the major aspects of the culture and your target consumer. With this being said I am providing a brief overview of the country of Venezuela.

Therefore, it was believed that “Latin America instead of following outward-looking development path should instead pursue an ISI policy as the centre-piece for a new inward-directed development strategy” (Kay 5), following the beginning footsteps of the developed states.

Latin America is important to the United States economy and politics, but why should we care about it? The United States has supported several authoritarian regimes that have swiped through Latin American countries. The United States’ main goal regarding Latin American politics is to fight and prevent communism from taking over the region. Additionally, Latin American countries contribute to the American economy through its numerous resources and exports.

My interest in business and economics began one winter break during junior year of high school. As I flipped through titles on Netflix, it was not a comedy nor an action-packed movie I landed upon, but rather the documentary Inequality for All. When it came time to choose classes for senior year, I jumped at the chance to take advanced placement micro and macroeconomics. Within the first week of attending class, my decision to study business economics was solidified.

As a result of this, students have more competition when searching for a job. In describing this issue, in “Business is the most popular college major, but that doesn’t mean it’s a good choice,” Jeffrey J. Selingo states: “Research shows that students who major in general business and marketing are more likely to be unemployed or underemployed, meaning they hold jobs that don’t require a college degree” (Selingo). Selingo suggests that students pick a major thinking it will be easy to get a job after college where in reality it is harder. Here, he points out that the lack of guidance students are given in school and also how uneducated people can be when it comes to choosing the best major for them. People tend to pick the easiest major and, in the end, they have their college tuition to pay with no job opportunities. This quote strongly reinforces my argument about students not knowing what degree has the best career opportunities. Selingo further states: “Students today are commonly told they should follow their passions and find a mission in life, but very few 18-year-olds or even 22-year-olds have enough experience in the world to know what truly excites them. Pick a major that interests you, but allow it and external experiences to help shape, not dictate, your mission in life” (Selingo). This quote is important because it shows that most students do not really know the

The Latin American region generally would encounter favorable circumstances and continue into full speed development. These nations had finally felt confident in playing significant roles in the hemisphere and had experienced overall, economic growth, poverty decline, and democracy deepening. () From their grudge against the US for their previous financial crisis Latin America had finally grown to move away from their independence of the US and looked forward to a wider scene of opportunities. These countries soon began increasing their investments, connections and trades with the Chinese and European states. Ultimately making the choice to take opportunities that would associate with fairness and play in their best interest. () While on the other hand the USA would have to decrease their budget for highly expensive training abroad due to their economic crisis that continued and change their approach with Latin America.

1. Find a recent  (August 2011‐  present) money and banking related article in the media (the Economist, Globe and Mail, National Post, New York Times, etc.,), and attempt to explain parts or all of it using the tools we learned in class. Highlight the sentences that you analyze, and hand in the article along with your work. Use written and graphical explanations. (approximately 3 double spaced pages)

· Can I support my thesis? Can I think of specific examples and evidence? Does every point I bring up support my thesis or do I need to revise my thesis statement?

Latin America as continent is a very diverse, culturally, geographically and in the people who inhabit the land. Some are ancestors of the indigenous people to the land, some are African Americans whose ancestors were brought over during the slave trade, others are of European descent, specifically Spanish and Portuguese who’s ancestors came to Latin America during the late 1400’s to either acquire land through the encomienda, capitancy or intendancy system; or to follow the “Spanish Dream” of coming to the New World and creating a life with prestige and wealth. Latin America was developed through imperialism, the idea that one country could control another country and that country’s economy, and political system from outside its borders. Through this idea of imperialism came the era of colonization. Latin America was colonized by Spain and Portugal, but mostly Spain, Portugal colonized Brazil. The failure of Latin America as a state can be attributed to the act of colonization by the Spanish and Portuguese.

In the other hand, the number of people who choose business as their major is increasing, which means business is becoming more and more popular and many people start to realize the important of learning business. Business is an organization or system that involve the trade of goods and services. People used to relate the firms and companies to business, because the use of business is very extensive. One country import and export products to another country, during the process, it requires lots of people who have plenty of business skills; so that is one of the reason why many students choose business as their major. Business are becoming more and more significant for people, even the country. People use GDP to measure the economic status of countries; and people trade goods and services almost every day. The

College institutions offer a wide range of degrees and certificates, ranging from associate degrees to post-doctorates. A bachelors degree is another name for a 4-year degree, and such can be given in a wide variety of fields of study. According to the Digest of Education Statistics, during 2012 and 2013 more than 1,8 million bachelor degrees were conferred to college students in 34 different fields of study. So, prior to defining the cost of education, there is a need to establish who is the average student. From the almost 2 million granted degrees, 360,823 were only from business school. That makes it by far the most popular student choice, being almost two times the amount of degrees granted to health professions and related programs, and more than two and a half times the number granted for social sciences. So, for everything else that is evaluated in this paper, business degrees will serve to define the average student. It is a very requested type of education and for a very good reason. Having a business degree opens up a wide range of prospective jobs a person may have. With a business degree you can work as a sales manager, a financial analyst/manager, an insurance agent, a financial advisor, a logistician, an accountant and so much more. Obtaining that degree, however, is not easy, and not at all cheap.

It’s lesson from the history about avoiding too much printing of money. Authors have used qualitative exploratory research method.

Before we can begin to conduct business with Chile, we need to know some facts about the country. Similar to here in the US, Chile views one’s class based on their financial status and their middle class accounts for almost half of their population. People in a certain class are not always going to stay in that class; their status can change as their salary increases or decreases. Those who are in a higher class, show their wealth by their appearance, such as clothing and valuables they may have. Chileans are custom to having formality in all aspects of their lives, especially when it comes to business. When there is a business meeting, it is important to have a firm handshake and give an appropriate greeting, along with direct eye contact.

The reason behind my chosen courses is defined by the practicality of the course and how each of the courses provide a crucial part of the economy as well as how each step in the process of both courses can determine a different outcome. Business has always been a part of me ever since I was 12. I grew up learning my family business through my uncle. I learnt what specific improvements need to be made and how those improvements benefited the company’s growth and development. By learning the key influential roles in the business at such a young age I was able to enhance them