Americas: the terms america and the americas, as used in this text, refer to the combination of north, middle, and south america. Cultural diversity in the americas: four official languages: english, spanish, portuguese, and french, north america is often described as progressive while latin america is seen as traditional. Economic and industrial standing of selected american countries: canada has the largest geographic size; the us has the largest population, only the u. s. and canada are considered developed countries; most countries in region are considered developing countries. Free trade agreement of the americas: free trade area of the americas (ftaa) 34 countries started negotiation in early 2000s. Includes north, central, and south america: focus on industrial development through reduced trade barriers. Nafta: north america free trade agreement (nafta) Signed in 1992 and became effective in 1994. Focuses primarily on trade and investment matters related to goods and services.