MercoPress. South Atlantic News Agency

Chile ranked second safest emerging market

Chile placed second on a new ranking by German investment bank DekaBank of the safest emerging countries for investment.

Singapore ranked first, scoring 88 points out of 100, while Chile scored 80 points. Following Chile were Asia's "Tiger" economies, including Taiwan and Korea.

Chile's ranking was far superior to that of its Latin American neighbours: Argentina scored a mere 34 points, Venezuela and Ecuador 39 points.

The study used 15 different parameters, including political stability, corruption, and economic growth, to create the list.

DekaBank economist Hugo Lavados said high copper price influenced the ranking to a certain degree, but Chile's institutional integrity also made an important contribution to the high score.

Another ranking, by Business Monitor International (BMI), also gave Chile exceptionally high scores, placing it sixth on the global list of emerging markets, awarding it 66 points.

Chile's closest Latin American competitor in the BMI ranking was Panama with 56 points. Venezuela was the lowest with 22 points.

The BMI analysis focused on infrastructure, the quality of a nation's institutions, and the economic orientation of the market.

By Morten Szygenda The Santiago Times - News about Chile