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Chile will become first, First World developed country in Latam, says world’s richest man Carlos Sim

Chile will become the first developed country in Latin America, predicted Mexican communications mogul Carlos Slim, the richest man in the world, in an economic presentation given in Honduras last Thursday. The criteria that constitute which nations are and are not considered developed are a subject of some debate. Among criteria considered are economic factors such as GDP, per capita, personal income per capita, and industrialization. GDP is the value of all goods and services provided by a country in a given…

Want more startups? learn from Chile

The foreigners will take our jobs away! Only the Nicaraguans will come! You can’t build a Silicon Valley without venture capital. These were just a few of the arguments from opponents of a government program I helped create in 2010 to boost local entrepreneurship in Chile. The program, called Start-Up Chile, seemed crazy at the time. Give $40,000 to startups led by foreign entrepreneurs to move and set up shop in one of the most magnificent countries on this planet for six months—no strings attached. The…

South America is voted by International Living Magazine as one of the best places to retire

Each year International Living produces a list that in their opinion reflects the best countries in the world to retire to. Interestingly in 2009 seven of the top ten countries were in South America. I would suspect that unless they change the criteria over the next few years as Europe and the USA struggle to comes to grips with their debt issues, this trend will remain and may even strengthen. We are already seeing a lot of American and Europeans looking to live in Argentina and Uruguay. Unless people are…

GTSA – Staff News Update. Expanding into the Cordoba Region

GTSA – Staff News Update.  Expanding into the Cordoba Region For those who dont know much about this part of Argentina here is some basic details. Córdoba city is located near the geographical center of Argentina 700 km northwest of Buenos Aires and is the capital of Córdoba Province. It is the second largest city in Argentina after Buenos Aires with 1.4 million inhabitants. It was founded in 1573. The Universidad Nacional de Córdoba is the oldest university in Argentina. founded in 1613 by the Jesuit…

‘Un Techo Para Chile’ is finalist for the World Design Impact Prize

‘Un Techo Para Chile’ is finalist for the World Design Impact Prize When design brilliance comes together with social responsibility, great things can happen – and the lives of the poor or disadvantaged can get just that little bit easier. This is the ethos behind the new World Design Impact Prize, created by the International Council of Societies of Industrial Design (ICSID) to honor projects that use industrial design to make a positive impact on our social, economic, cultural, or environmental quality…

Latin America’s infrastructure grows fast

Latin America’s has long been considered a laggard in terms of global infrastructure development, but that perception should be changing. Countries such as Brazil, Mexico, Chile, Peru, and Puerto Rico have all begun major long-term infrastructure projects ranging from roads to dams to telecommunications towers to airports. Infrastructure development in the areas of energy, transportation and telecommunications have seen the greatest recent growth, with estimates ranging as high as $450 billion, to be spent…

Europe’s largest bank profits boosted by its operations in Latin America

Spain’s Banco Santander said that 2011 net profits reveal the growing importance of its Latin America operations which contributed with 51% of the bulk. Last year net profits totalled 5.4 billion Euros, down from 8.2 billion Euros in 2010. The growing importance of Latin America was evident in the bank’s loan book during for 2011. Total loans during the year were up 4% as Banco Santander SA boosted business in Latin America that helped buffer decreasing European operations. Europe’s largest bank by…

Chile the most globalised economy in Latin America, says report

Chile has emerged as the most globalized economy in Latin America and moved up to 25th place in the world, according to global consulting firm Ernst & Young. Chile is among the countries to improve their position despite global economic uncertainty, the firm’s annual Globalization Index found. “Unlike other countries, the policies of Chilean governments have promoted openness in times of turbulence, taking the sufficient precautions so the economic turmoil does not hit the country hard,” Cristián…

HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years.

The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years. The world’s top economy in 2050 will be China, followed by the United States. No surprises there – since China’s reforms in the 1980s, economists have said it’s not a question of if, but when, China’s collective economic might will top the U.S. #adp02 But among the smaller, developing nations, there are several surprises by HSBC prognosticators:But among the smaller,…

Chile’s luxury home market booming and immune to the global crisis

The market for luxury home in Chile seems to be immune to the global crisis since there are families willing to disburse up to six million dollars to purchase the house or condo of their dream according to a report in Santiago’s El Mercurio. These houses mostly located in the posh areas of Santiago such as Vitacura, Lo Barnechea, Las Condes and La Reina have ample green surroundings, several bedrooms, gardens, parking lots and shared spaces for leisure and other activities. According to the sales manager…

Uruguay is the best place to live in Latin America according to the Legatum Institute

According to the latest Prosperty index, Uruguay ranks 29, followed by Chile, 31, Argentina 39 and Brazil, 52. In the whole of the Americas, Uruguay is the only country that figures in the highest ranking with Canada (6) and the US (10). The rest of South America is ranked medium while Ecuador and Bolivia figure at the lowest level. The Legatum Institute describes itself as an independent non-partisan public policy group based in London, with research, publications, and programs that advance ideas and policies…

Argentina, Chile and Uruguay with highest human development index in Latam

Argentina, Chile and Uruguay have the highest standards of living in Latin America according the latest report from the United Nations Human Development Index (HDI). Worldwide out of 187 countries Chile ranks 44, Argentina, 45 and Uruguay 48. The HDI is calculated from a set of indicators including literacy rates, years of schooling, life expectancy and per capita income. On a scale from zero to one Uruguay’s HDI was 0.783 this year which means it has sustainedly advanced in the last few decades improving…

Chile targets tourism as third most important sector of the economy by 2020

Chile targets tourism as the third most important sector of the economy by 2021 The new campaign by Chile’s National Tourism Service (Sernatur) aims to make tourism the third largest sector of the country’s gross domestic product (GDP) by 2020. The campaign was launched in Jan. 1, 2012. Tourism in Chile currently accounts for 5% of the GDP. The tourism industry has been built on Chile’s diversity of natural landscapes — from the moonscape deserts of Atacama to the fjords of the Patagonia —…

UK magazine names hotel in Torres del Paine Park among top 100 best in the Americas

The prestigious British magazine Condé Nast Traveller has nominated the Hotel Salto Chico in Chilean Patagonia among the Americas and Caribbean best hotels. The ranking was done by the readers of the magazine who nominated the world’s best hundred hotels based on service and exotic passion to travel. Over 25.000 magazine readers and subscribers voted the list and gave the Explora Patagonia group Hotel Salto Chico 76.83 points, making it the only hotel in Patagonia and in Chile to reach the top 100. The hotel…

Unasur forecasts South America’s decade

  A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia. Meeting in Madrid for the tenth anniversary of the Spanish foreign affairs think-tank Royal Institute Elcano, Ms Mejia together with other world experts and politicians were invited to discuss the international crisis, the emergence of new powers…
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