About Monica Sabando

The North and South American economy is dominated by the world’s largest economy, the United States of America, however these other countries are also growing rapidly. This growth can be attributed to the huge natural resource base in the Americas, coupled with ethnical diversity and human capital. One common aspect in the Latin countries is their production of narcotics for export to the United States of America. This however, encourages crime which eventually impedes with business and politics. Latin America attracts huge bond investments due to the high interest rates but also suffer the risk of currency problems due to instability. The region boosts an energetic population, growing middle class, relatively low debt and dynamic economic expansion.

Major countries making up this region include Chile, Mexico, Colombia and Peru. Chile which is ruled by a republican type of government specializes in the fishing, mining and wine industries. The economy of Chile suffered greatly after the 1973 military coup but has since stabilized though the tension still remains between the government and military The earthquake that rocked the country in 2010 damaged cities and copper mines setting back the industry a great deal, but the government was well equipped to deal with disaster providing relief aid to the needy and rebuild. Colombia’s economy is based on agriculture, metals, petroleum and textiles. Political turmoil has been a huge challenge to its economic growth. This has however been boosted by the new constitution which helped stabilize the political scene, though drug trafficking and warring between two political sects remains. Colombia is rich in natural resources, hence presenting plenty of opportunities and budding growth, despite the huge risk associated. [Read more...]