The Global Crisis And Latin America

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The global economic crisis has immediate effects on the economies of Latin America, is a situation that has worsened and accelerated greatly, and its consequences are totally unpredictable. The first crisis arose in the United States, and in the stock markets, but today is a global crisis that is affecting the entire global financial system with negative consequences on the productive apparatus of the countries concerned.

In the case of Latin America is expected to occur a deterioration in foreign trade levels, as well as financially. Countries need to make predictions that lead to tackle the serious economic problems that may arise in the short term, and to ensure the welfare of all. The collapse of the international financial system is imminent, and the states of the region should immediately control the banking systems, either nationalization or intervention, these aim to prevent capital fleeing abroad, as well as the transfer of funds of the bank branches foreign parent companies. So it is necessary that financial institutions evaluate your current situation, in order to prevent any future problems that could undermine the stability of the system, because the impact of the crisis will reach all regions, but not with equal intensity different countries. An immediate impact will the rising cost of claims and the difficulties in obtaining financing, the most affected countries are more indebted in the region such as Brazil.

In relation to the business, can not forget that we are facing a globalized economy that is dependent, in this case the imports of countries are related to economic growth, can occur if this growth market stalls imports may be weakened, being another direct consequence of the global crisis. In Latin America, the countries most affected will be those whose economies are dependent on exports especially United States, as in the case of Mexico whose imports account for over 70% of the U.S. market, then they would be Brazil, Colombia and Chile. In the case of Venezuela by 14% of the oil is exported to North America. It is important to mention the role China has played in this crisis, today is the main source of accumulation of productive capital, the major companies that are there are of U.S.

origin. As you can see we are not exempt from suffering the consequences of the serious crisis affecting the world at the moment, we can not forget that globalization is here and that any situation that may occur immediately affect us, it is then in the hands of those who have control of the country know how to take the most appropriate measures in order that the impact on savings is not as noticeable.

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