Chile the most globalized economy in Latin America, says Ernst & Young

Wednesday, January 25th 2012 - 21:32 UTC

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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. Read full article

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ElaineB
Definitely the good house in a bad neighbourhood, economically speaking.
Jan 25th, 2012 - 09:50 pm - Link - Report abuse 0
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DouglasBlammo
Great, but until the Chilenos wake up, and quit voting for rich slime such as Satansun Pendejo, the separation of classes will continue until they wind up with Egypt-south.
Jan 26th, 2012 - 07:59 am - Link - Report abuse 0
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Fido Dido
Ernst & Young (known for accounting fraud, got caught and fined, no jail of course, as usual) means with “Globalized”, that you are in the CLUB of LESS regualtions that bothers them to continue with their “accounting schemes”. Massive deregulation, we all know by now how that worked out for the countries like Belgium (broke), Ireland (broke) and let's not forget the US. Ernst & Young, Arthur Anderson and Enron. They all had something in common.
Jan 26th, 2012 - 06:14 pm - Link - Report abuse 0
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ManRod
ElaineB, probably strangly for you, I consider the political enviroment in Chile rather the good house in a bad neighbourhood, even in front of the economical aspect (in which Argentina and Brasil are not too far away behind).
No matter how bad Piñera might have been as a president in regards to his predecessors, I still consider him a better choice than the Kirchners, Morales, Humalas and Chavez of this neighbourhood (and probably even the national opposition does think it).

Fido Dido, unfortunately for you, this comparison does not really fit (Ireland, Belgium and all other broke nations). To your disgrace, Chile is far away from being broke, as it is one of the nations with the lowest public debt worldwide.
In term of net balances, Chile is even a truster, as it manages state wealth funds which are bigger than the public debt.
From that constellation, it's on the other end of the “problematic”.

Scenarios like Greece, Spain, Portugal will not be repeated in Chile in a near future, even you might wish that, of course. The debt nightmare going arround, is the product of missunderstood exaggerated “social balance” policies to counter blackmail of big conglomerates and politicans selling the “welfare” state to the population, omitting they are doing it at any cost, costs which are almost impossible to recover from.

Of course Chile is far away from being a balanced state in that matter, the problems we encounter are of different nature, not comparable with south Europe.
Jan 27th, 2012 - 01:13 am - Link - Report abuse 0
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ElaineB
I don't think your comments strange at all. I think Chile runs a tight ship and is the only country in South America I would invest in or buy property atm.

In my personal opinion, Chile would benefit from removing some of the barriers that restrict social mobility and invest more in tourism. Chile does not shout loud enough about how beautiful it is. : )

But Chileans are cautious by nature, in my experience, and change will come, but slowly and when they want it.
Jan 27th, 2012 - 07:39 pm - Link - Report abuse 0
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