What are the Primary Economic Systems?

Economic system : A group of economic individuals has an interconnected relationship. Currency exchange between individuals can be exchanged for each other. Changes in any individual will affect the overall, such as the EU is an economic system.

Economic system

Right!

Economic system : a group of economic individuals have mutual

World economy, hunting

Capitalist economy,

Hong Kong's economy is based on free enterprise and

On October 17, 1975, representatives of 23 Latin American governments signed the Panama Agreement, proclaiming the establishment of the Latin American Economic System (LAES).

According to the Panama Agreement, which entered into force on June 7, 1976, the purposes of the Latin American economic system are: to promote regional cooperation, to support the process of regional integration, to promote the formulation and implementation of economic and social development plans, and to coordinate Latin American countries' economic and economic development. Common positions and strategies on social issues. The rules of action of the Latin American economic system are: equality, sovereignty, independence, solidarity, non-interference in each other's internal affairs, and mutual respect for differences in the political, economic, and social systems of countries. The highest body of the Latin American economic system is the Latin American Council. The council consists of a plenipotentiary appointed by the governments of the member states. The council generally meets once a year to determine the general policies of the Latin American economic system. Headquartered in Caracas, the Venezuelan capital. The official languages are Spanish, English, French, and Portuguese.

As of 1998, there are 28 member states: Argentina, Barbados, Bahamas, Paraguay, Panama, Belize, Brazil, Peru, Bolivia, Dominican Republic, Ecuador, Colombia, Costa Rica, Grenada, Cuba, Guyana, Haiti, Honduras, Mexico, Nicaragua, El Salvador, Suriname, Trinidad and Tobago, Guatemala, Venezuela, Uruguay, Jamaica and Chile. More than 50 Latin American, European and United Nations political, economic and social organizations are observers. The publications are "Latin American Economic System Newsletter" and "Latin American Economic System News", both in Spanish.

This regional organization is playing an increasing role in promoting economic cooperation and integration in the region, and in safeguarding the legitimate interests of Latin American countries. It opposes the U.S. economic blockade and sanctions against Latin American countries, demands the U.S. to lift the economic and trade embargo against Cuba, and condemns the U.S. Helms-Burton law aimed at punishing countries and businesses that trade and invest with Cuba. The economic and trade relations between the organization and China have developed smoothly.