In the modern business world, domestic markets are simply not enough for businesses striving to reach new customers and serve a growing world. Emerging markets and regions across the globe have provided businesses, small and large, the opportunity to expand their operations beyond domestic markets. Latin America happens to be one of these emerging regions and its growth prospects have caught the attention of businesses worldwide. This week the globalEDGE blog team will give you an in-depth outlook on Latin America and how the region is affecting international business.
With large emerging countries like Brazil and Mexico, Latin America has attracted trade and investment from many companies overseas. However, these two major countries are not the only reason Latin America has seen growing economic success. Chile has quietly become one of the largest exporters in the world. With over 30 trade agreements, Chile has effectively diversified its risk—growing into one of the most competitive countries in Latin America. Meanwhile, Panama’s economy achieved a growth rate of 9.5 percent in 2012, a rate similar to the growth of China and India! These countries and many more have made Latin America a destination for many businesses looking to enter foreign markets. With our blog series this week, we will take a deeper look into why Latin America has been successful in attracting business from overseas.
Latin America has proven to be a critical region moving forward. This week our blog team will explore many topics regarding Latin America. If you follow the series this week, you will learn about how the regulatory environment has advanced business in Latin America, how Latin America’s trade relationship with China is affecting other countries, and much more! Stay tuned each day this week for posts on Latin America, and feel free to let us know what you think about this series by leaving a comment below.