Countries in Latin America: On The Path To Dynamic Growth

Latin America is a emergent market of 20 countries and over 560 million people.

Brazil and Mexico will be part of the top 10 largest economies within the next 10-20 years according to several studies. With the exception of Mexico, countries in Latin America have been resisting well to the worse economic crisis in the past decades and this year's growth figures show continuing progress. Many countries in Latin America such as Chile, Peru and Colombia have implemented major political and economic reforms in the recent past that have allowed them to show significant improvements: Latin American countries are on the path to dynamic growth.

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Brazil is the best example. President Lula with a combination of capitalism and socialism has been able to place Brazil on the international map. In particular its successful strategy to mitigate the effect of the economic crisis has been used as an example by many western countries . Today Brazil is the biggest exporter of the region and the country that generates the highest growth domestic product (GDP) of all the countries in Latin America.

Chile is another good illustration of a country in Latin America that has reformed and improved their institutions and economic policy. The country has the highest GDP per capita amongst countries in Latin America. This is the result of the Chilean governments creating a competitive environment for doing business in the country. Chile is one of the most dynamic economies of the region and attracts a large amounts of investments from foreign companies. According to the 2009-2010 Global Competitiveness Report, Chile is ranked number 30 in the list of the most competitive countries in the world. This country ranks number one in Latin America

Chile is another good illustration of the ability of countries in Latin America to adapt to economic reform. This country is recognized as the best place to do business in Latam and has the highest GDP per capita amongst countries in Latin America. This is the consequence of major reforms initiated to enhance trading, make business relationship more flexible and attract investments from foreign companies. This economic strategy is very successful: Chile is ranked number 30 of the most competitive countries in the world and number among countries in Latin America.

Today the region is recognized internationally as one of the most dynamic emerging market and attracts capital especially from Asia and North America. Countries in Latin America continue to invest a lot on education, infrastructure and technology to prepare the future.


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