Globalization Impact in Latin America

Title: What has been the impact of Globalization in Latin America, 2010-2020?

Format of the paper:

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Use the country Paraguay

What trade policy changes have taken place in Paraguay? Describe changes in trade policy 2010-2020

a) Tariffs

b) Quotas or Licenses

c) Trade Agreements with the U.S., E.U. or other countries in Latin America.

d) Trade Agreements with Asian Countries including China

e) What other measures were used to promote trade growth?

What foreign direct investment (FDI) policy changes have taken place in Paraguay? Describe changes FDI policy 2010-2020

a) Changes in FDI Restrictions

b) FDI agreements with the U.S., E.U., with Asian Countries including China

c) Nationalizations

3. Does paraguay have a Stable Government?

a) Have there been changes in Rule of Law and Property Rights from 2010 to 2020.

b) Have there been major government corruption scandals?

c) Is your government populist? What’s the evidence?

d) In what way the current government may have created an environment good or bad for trade and FDI?

Describe the government finances of Paraguay. Has your government defaulted on loans or experienced economic crisis from 2010-2020? Is your government in good standing with the IMF and Private lenders? Is there a good business environment?

Describe changes in trade in Paraguay? Provide data for all years on the following indicators, 2010-2020.

a) Who are Paraguay’s main trading partners?

b) How important is the U.S., E.U., Asian countries including China and other Latin American Countries in exports?

c) What are the main Exports of Paraguay in Mining, Agriculture, Manufacturing and Services? Describe the products.

d) What are the main Imports of Paraguay in Mining, Agriculture, Manufacturing and Services? Describe the products.

e) What has been the overall trend in imports and exports in Paraguay 2010-2020? Does Paraguay have a trade surplus/deficit with the U.S. or the E.U.? Does Paraguay have a trade surplus/deficit with China?

Describe changes in Foreign Direct Investment (FDI) in Paraguay? Provide data for all years on the following indicators, 2010-2020

a) What are the countries with highest FDI in Paraguay

b) What has been the Inward FDI in Paraguay

c) What are the main industries of FDI in Paraguay: Manufacturing, Agriculture, Mining.

7. What has been the impact of Globalization on Economic Growth in Paraguay? Provide data for 2010-2020.

a) Wages

b) Employment and unemployment

c) Can you attribute any of these changes to Trade and FDI policy?

8. What has been the impact of the Chinese economy in Paraguay? Has Paraguay forged a special trade relationship with China? Is there evidence that economic growth or slowdown in China translated into economic growth or slowdown in Paraguay? How has the trade war between the U.S. and China from 2018-2020 affected Paraguay?

9. As a policy advisor, based on your findings, do advise the government of Paraguay to increase barriers to trade such as tariffs and quotas or embrace globalization? Do you suggest they need to sign a free trade agreement? Do you suggest Paraguay should enact FDI reforms to attract investments? Would you suggest the government provides incentives for technology firms to invest in Paraguay? Why do you think your country may have a comparative advantage in the production of these goods/services?

Latin American Countries:

Flag

Arms

Name

Area
(km²)

Population
[2]

Population density
(per km²)

Capital

Paraguay

406,752

6,639,000

14.2

Asunción

Format Research Project

1. Introduction

2. Main Point of Paper/Hypothesis

3. Body of Paper and Evidence using Graphs/Tables

4. Conclusion

5. Bibliography

Data Sources

Data Bases: http://library.qc.cuny.edu/research/databases.php

Look up the following databases

(1) Business Economics and Theory

(2) EconLit

(3) World Bank Open Data

(4) Business Source Complete

Government and World Organizations’ Websites

FDI and Trade Bilateral Data for US with other countries:

1. US Bureau of Economic Analysis: http://www.bea.gov

Country Level Data:

1. Look your country’s Central Bank or Statistical Agency.

a) Government Statistics Agency for Mexico

https://www.inegi.org.mx/

b) Colombia’s Central Bank

https://www.banrep.gov.co/en

c) Brazil’s Central Bank

https://www.bcb.gov.br/en

d) Argentina’s Central Bank

https://www.bcra.gob.ar/Varios/English_information.asp

e) Chile’s Central Bank

https://www.bcentral.cl/en/web/banco-central

2. World Bank – Data for all countries

http://data.worldbank.org/country

3. OECD – Data for European Countries

https://data.oecd.org/

4. IMF- Data for all countries

http://www.imf.org/external/index.htm

5. US Trade Representative, Trade Agreements between U.S. and Latin American Countries.

https://ustr.gov/trade-agreements

6. WITS – Tariff Rate Data by Country multiple years.

https://wits.worldbank.org/tariff/trains/country-byhs6product.aspx?lang=en. For more information on Globalization impact of Latin America see this: https://edition.cnn.com/2020/07/26/americas/latin-america-coronavirus-looming-recession-intl/index.html

Globalization Impact in Latin America

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