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North America Business


North America is rich in resources of various kinds. Extensive mineral resources are found in the Canadian Shield, the Appalachians and the Cordillarians. The United States, Canada and Mexico have large amounts of fossil fuels (oil, natural gas, coal), and water energy is available in many places. The climate, the soil provides the conditions for a significant food production, and large parts of it are covered by rich forests. Conditions in North America, of course, vary, and the opportunities for exploitation and economic development have also been utilized in very varied ways. The United States is the world's leading nation with a production that is twice as large as all other North American states together.

The agricultural industry in Anglo America is often conducted within large and capital-intensive companies, where, through the help of high mechanization and large efforts of fertilizers and pesticides, it is possible to produce huge quantities of food for sale. Although similar in the rest of North America, agriculture is dominated by production for local consumption on small cultivation units and with great effort.

North America's rich resources were first utilized in the United States, where extensive industrial development took place as early as the 19th century. In Canada, industrialization was delayed until the 20th century, and the country's prosperity has to some extent been based on the export of raw materials and partially processed products. In Mexico, industrial expansion and economic development have come a long way in certain sectors and regions. However, conditions in most areas are more reminiscent of North America's less developed countries, whose economies are often based on exports of raw materials and products from agriculture and mining. Major industrial regions are the "Industrial Belt" in the northeastern United States and southeastern Canada, parts of California, northern Mexico, and the Mexico City area. Otherwise, the industry is often located in the metropolitan areas.

The rapid and partly uncontrolled development has not been possible without significant environmental impacts. The industry, not least in the oil sector, has given rise to large emissions, which have caused both acid rain and direct destruction of water areas. The development of agriculture and the growth of the metropolitan area, with consequent air and water pollution, also pose major environmental problems.

From the view of, the United States and Canada are primarily post-industrial societies, where various service industries, financial operations and trade dominate. In many places, especially in the Caribbean, tourism is the main source of income. Financial assistance is also of great importance here. This also applies to Central America, where the US contribution has been extensive. Transportation conditions within North America vary. Pan-American Highway runs from Alaska to southern Panama. The importance of air connections is increasing both at long distances and, for example, between the islands of the Caribbean. The United States is the dominant trading partner for most states in North America. The United States and Canada initiated a transition to free trade in 1989, and in 1994 an agreement entered into between these states and Mexico, which in the long run will remove all barriers to trade. This is also expected to intensify economic cooperation in Central America and the Caribbean.

Countries in North America
  1. Antigua and Barbuda
  2. Bahamas
  3. Barbados
  4. Belize
  5. Canada
  6. Costa Rica
  7. Cuba
  8. Dominica
  9. Dominican Republic
  10. El Salvador
  11. Grenada
  12. Guatemala
  13. Haiti
  14. Honduras
  15. Jamaica
  16. Mexico
  17. Nicaragua
  18. Panama
  19. Saint Kitts and Nevis
  20. Saint Lucia
  21. Saint Vincent and the Grenadines
  22. Trinidad and Tobago
  23. United States

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