department of foreign affairs and trade regions’ gdps similar, la per capita income higher
TRANSCRIPT
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Department of Foreign Affairs and Trade
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Regions’ GDPs Similar, LA Per Capita Income Higher
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GDP (LHS) GDP per capita (RHS)
Average Income = US$2 986 Average Income = US$5 393
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Australian Trade and FDI with East Asia Dominates Latin America, 2000
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East Asia Latin America
Trade FDI
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Can Latin American Trade Ever Challenge East Asian ?
DistanceDistance
Trade AgreementsTrade Agreements
Commodity ExportersCommodity Exporters
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China Philippines Thailand Rep. Korea Malaysia Indonesia Argentina Mexico Chile Brazil
Per c
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Exports to Latin America Growing Faster than to East Asia, 1990-2000
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Brazil
• Inflation beaten• Deficit low • FDI open, strong inflows• Trade opening• Privatisation succeeding• Flexible exchange rate• Growth increasing• Contagion, power threats
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• NAFTA driving growth and reform• Fundamentals good • FDI open • Growth high• Infrastructure, banks weak• US downturn a threat
Mexico
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Chile
• FDI and trade very open• Sound macro policy• Flexible labour markets• High transparency• Strong banking system• Privatisation success• Highest growth in LA
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Argentina
• Inflation beaten• FDI open• Trade opening• Rigid exchange rate• Fiscal deficit problem• 3 year recession • Good long term prospects
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Business Environment ?Business Environment ?
improving, Chile leads
labour markets still rigid
banking systems weak
transparency still poor
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Business Opportunities ?Business Opportunities ?
Commodities
Niche manufactures
Services, tourism,
education
Investment, mining, agribusiness
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