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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…
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