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The 3 C's In Latin America

The Three Emerging Cs
In
Latin America
(Chile, Colombia and Costa Rica)

ABSTRACT

In the era of globalization, new important players have emerged in the international arena as countries in the developing world are integrating the global economy. This new world trend has also impacted Latin America by propelling nations to economic growth and development. Countries such as Brazil, Mexico and Argentina have been for years labeled as the biggest economies in Latin America. Meanwhile, smaller economies in the region have been overshadowed by these three economic giants and struggled to increase their share in the global economy.
Although Brazil has being widely recognized to be amongst the biggest emerging market in the world, and lately the Mexican and Argentinean economies have shown signs of continuous growth, second tier Latin American economies are making their way through the shadows of these three regional economic powers. As in contrast with other smaller economies in the region, countries such as: Chile, Colombia and Costa Rica, (The Three Cs) have been experiencing years of sustainable economic growth and increasing presence in the global economy by pursuing economies policies that foster exports, and invites foreign investment. The main purpose of this paper is to compare the Chilean, Colombian and Costa Rican economies and identify the best emerging market to perform business. In addition, it would also examine economic factors that can influence investment decisions, outcomes and profitability among the Three Cs.
The Three Cs
Background
-Chile-
In a region that has been afflicted by years of underdevelopment, political turmoil and poverty, the emergence of small economies, such as the Three Cs, can represent a sign of hope for development in Latin America. As an example, often many economists have called the Chilean economic success as the miracle of Latin America and a model that should be emulated in the region. Since the return of...