1. The SouthAmerica History
(1) Indians : The pioneer of SouthAmerica.
The land ownership and feudal exploitation, the economic development was slow
British and Americans broke into SouthAmerica, they set the countries as their places of raw material resources, goods dumping and capital output.
global cosmetics market, the advanced economies of North America and Western Europe are expected to slump, and the developing markets of Asia and SouthAmerica will take the lead.
At that time, almost all global businesses will focus on those emerging markets, leading to high competition.
Even so, the AmorePacific brand will continue to advance overseas through country-specific strategy.
In
global FTA race as the importance of FTAs becomes larger," said Chung Hae-kwan, of the Ministry of Foreign Affairs and Trade. He added that, "against this backdrop, the pursuit of FTAs is not a matter of choice for Korea, but rather a necessity for future economic growth" (East Asian Review 2003).
B. Chilean Economy
Chile was the first Latin American country to approve the South Korean govern
issues are putting an impediment to adopting them. In Korea, the electric cars are not allowed in the market. The legislation has not been ratified yet. Also, the government put a ban to the direct import of hybrid cars from foreign countries. Unless there is a political change in Korea, effort of environment-friendly activity related to transportation in FedEx seems impossible.
Main economic
globaleconomic slump resulted from 9.11 troubled Brazil.
3. Analysis
3-1. Foreign-Exchange Risk
As we saw in the previous part, the value of real fluctuated dramatically as the political and
economic environments became instable in Brazil and nearby countries. The fluctuation of real
caused extreme fluctuation in exchange rate and this conditi