Social Structure Of Latin America

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Growth is the number one goal of any company and or corporation. The growth of American companies and corporations rely heavily on their ability to produce and sell goods to make a profit. Due to government regulations and the rise of inflation, businesses found it difficult to sustain large profits. So as means around this companies began to start producing, buying and selling their goods internationally from underdeveloped countries, where there were no child labor laws and they could pay workers a few cents a day to produce their goods. Companies began forming these transnational corporations (TNCs) (corporations that operate in more than one country sometimes referred to as a multinational corporations) and Transnational Media Corporations …show more content…

Because these new elites were among the dominant groups in Latin America they began to push this same capitalist globalization structure to there respective countries as they gained control over its capitalist institution in which they then entered into Neoliberism. You can critically see the striking resemblance of the social structure in Latin America to that of the United States (US) where there is now a class order and elites are now reconstructing the political and social economy to become main players in the capitalistic globalization world. Latin America, in a sense, had transformed itself to be the market geared towards accumulation for the global economy to appeal to transnational corporations as a mutually advantageous means to grow their economy. Transnational supermarkets and retail outlets successfully increased from 10% - 60% in their percentage of the Latin American retail market and by the 21st century Wal-Mart became Mexico’s largest private employer, controlling over half of all supermarket sales (Robinson

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