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Business English Exercises
 

Latin America's Lack of Competitiveness

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Home > Teaching Business English > Business English Lessons, Advanced Level # 365
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latin americas lack of competitiveness question 1
After 59 months of uninterrupted expansion, investors in Latin America keep ......... themselves and wondering out loud, "When will it end?"


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latin americas lack of competitiveness question 2
The recent financial market correction felt around the world on the heels of the US sub-prime mortgage crisis brought many a dooms-dayer to the ......... with predictions of currency slippage and spiking interest rates, says John Price of InfoAmericas.


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latin americas lack of competitiveness question 3
But Latin America is far less ......... than it used to be to contagion, politically-inspired capital flight, or drastic currency corrections; the region will not fall from one fatal blow, but it does risk death by a thousand cuts if it fails to reform itself into a more competitive economy.


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latin americas lack of competitiveness question 4
The reforms of the 1990s have proven their worth in this time of plenty: by shrinking government, professionalizing monetary policy, floating currencies and freeing capital markets, the money entering the region is staying ..........


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latin americas lack of competitiveness question 5
Even in today's populist social environment, political leaders have made fiscal discipline and conservative monetary policy ......... of their economic strategies.


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latin americas lack of competitiveness question 6
Bolivia's president, Evo Morales, hardly a ......... of commerce, remarked soon after taking office that "inflation and corruption hurt the poor the most".


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latin americas lack of competitiveness question 7
If Latin America is doing so well, why can't it compete? — even the region's economic darling, Chile, is dropping like a ......... in global competitiveness rankings.


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latin americas lack of competitiveness question 8
Return on investment in a country is driven by productivity, and in Latin America, productivity performance is the .........: from 2003 to 2005, Latin American economies, when measured in dollars, expanded by an astonishing 53% but their productivity over the same three years grew by less than 4%.


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latin americas lack of competitiveness question 9
Today's winning industries in Latin America, such as mining (which attracted an impressive 23% of global exploration investment in 2006), metals, energy and agrifood, together provide little ......... to government to keep trade open.


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latin americas lack of competitiveness question 10
The nail in the ......... for free trade thinking in Latin America could come from a rejection by Washington politicians of proposed trade agreements with Peru, Colombia and Panama.


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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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