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Name: Vanessa Zamudio Enrollment: AL02822667

Name of course: Doing Business in Professors name: Luis Alberto
German Amador
the Americas

Module: 2 Activity: Project Part 2

Date: Thursday, 10th

Bibliography:
https://miscursos.tecmilenio.mx/ultra/courses/_143724_1/cl/outline
https://www.hbs.edu/global/about/Pages/latin-america.aspx

Objective:

To define the most important business terms that have been reviewed during

the term.

Process:

Part 2. Drafting the story

Research storytelling techniques. Follow the advice presented in this

article or this other one, in order to re-draft a storyline for the business case you

selected in Part 1. Once you have a good grasp of it, try to rewrite the business

case in the terms we have reviewed thus far:

 Business environments.

 Free-trade agreements in full effect.

 Clusters and local economies.

 Elements of the primary, secondary and tertiary sector.

 Culture and diversity.

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 Demographics.

 Financial frameworks.

 Politics and policies.

In short, what do you see there and what you do not? Your write-up must be

presented in simple text and should be at least three pages long.

You will be evaluated based on the thoughtfulness of your story, the relevance of

the main points you can make, the chosen characters, the setting, and the

business strategy, taking into account what we have seen in the course so far

about business environments, cultures, and attractive economic poles and

industries in the region and the business strategy.

Results:

Sustainability and Green Business in Latin America

during Globalization Waves

Geoffrey Jones

Business environments

After the 80s often known as the lost decade, Latin America had a great rebirth

the aftermath couldn’t have had a better result. Latin America incorporated new

economic reforms and became known as a region of economic opportunity.

The region envisioned a new economic era and began to offer expectations

and differed, pulled away from the status quo to open new business opportunity

for upcoming millennials. The business environment in modern day is highly

defined by privatized of state-owned enterprise. Allowing the private sector to

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create a tremendous amount of wealth. Also, reforms and regulations adopted

from other leading governments determine to present more benefits, offered by

the new business programs having positive outcome on all business

specifically in local small and medium businesses.

Free-trade agreements in full effect

The most know free-trade agreement is NAFTA, North America free trade

agreement, which is an agreement signed by Canada, the united states and

Mexico. The agreement entered into full effect in January 1994, known as one of

the most important trilateral agreements. The agreement was set into action to

reduce barriers in imports and exports between countries. Its main purpose is to

promote economic growth for all three countries and allow facilitation of

negotiation between them. As we know with president Trump now entering some

changes have been made to this agreement which was placed on hold. Till this

day the new agreement is yes pending. NAFTA is now being renamed USMCA,

united states-Mexico-Canada agreement, this new agreement indicates big

change. The changes being made should benefit all three countries for the most

part. Goals such as car or truck must have 75 percent of its components

manufactured in Canada, Mexico or the United States, a substantial boost from

the current 62.5 percent requirement. Allowing economic growth and boosting

export and import profits.

Clusters and local economies

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Although clusters failed during the 80’s they rapidly picked up during the 90’s in

distinct places of Latin America. Places such as Queretaro became economic

clusters due to there appalling incentives. The state and the federal government

often times worked together to achieve and attract new producers as well as new

trade agreements. In places like Chile, Argentina and other parts of Latin

America, governments came together to adapt new methods which would create

eco-friendly and appealing new concepts to foreign investments and the

placement of aerospace buildings greatly impacted the economy.

Elements of the primary, secondary and tertiary sector

During the 90s, 90% of new jobs in Latin America had major growth in the tertiary

sector. The expansion of this kind of employment, compares to the recent

evolution of global trends. Also analyses the characteristics of the employment

offered in the various branches as well as its underlying dynamics. The growth of

employment in the Latin American tertiary sector is based on simultaneous

processes of labor, inclusion and exclusion. The process reflects onto the

growing role of some tertiary sector activities in systemic competitiveness and

social reproduction. Which is expressed in the generation of jobs of comparatively

high productivity and quality. However, it is due to the pressures of labor supply

and rise to many jobs that are usually low in productivity and quality.

Culture and diversity

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Latin America is a region filled with divers’ clutters often seen as one. Often

times it may be hard to see the variation between cultures. As investors the

importance of knowing how to identify between cultures goes a long way when

it come to the respect of negotiating with different ethnicities.

Demographics

Conclusion:

It is important to know the distinct economies and how they all join together

through international negotiation. In conclusion Latin America is still changing and

is in the process of becoming first world. By adapting to new political reforms

beneficial to business and continuing to attract foreign investment Latin America

has mush un exploited potential.

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