Courtney provided an insider's view of Chile's economic conditions. Regarding the size of the Chilean commodities market, she said "Small businesses need to export... or they will die". While it may sound foreboding, these conditions actually improve Chile's standing in the world economy.
Although it hosts a relatively small population of 18 million, Chile exported $79.4 billion worth of goods in 2013, second to Brazil among South American countries. These revenues are driven by copper exports coming from the largest copper mine in the world. According to economic reporting agencies, Chile is both South America's most competitive economy and best country in which to do business. Measures of these statuses include open enterprising laws, free trade agreements, strong institutions, and low levels of corruption.
With the large amount of international goods exchange ($77.9 billion imported in 2013), it will be interesting to experience the degree of globalization in its biggest city. I will keep an eye out for foreign advertisements and products to see how they mix with the local fare.
References:
http://www.ibtimes.com/chile-latin-americas-best-country-do-business-34-world-venezuela-worst-181-world-1475410
http://www.weforum.org/agenda/2014/09/top-10-competitive-economies-latin-america-caribbean/
http://atlas.media.mit.edu/en/profile/country/chl/
http://www.worldstopexports.com/top-south-american-export-countries/1840/
Although it hosts a relatively small population of 18 million, Chile exported $79.4 billion worth of goods in 2013, second to Brazil among South American countries. These revenues are driven by copper exports coming from the largest copper mine in the world. According to economic reporting agencies, Chile is both South America's most competitive economy and best country in which to do business. Measures of these statuses include open enterprising laws, free trade agreements, strong institutions, and low levels of corruption.
With the large amount of international goods exchange ($77.9 billion imported in 2013), it will be interesting to experience the degree of globalization in its biggest city. I will keep an eye out for foreign advertisements and products to see how they mix with the local fare.
References:
http://www.ibtimes.com/chile-latin-americas-best-country-do-business-34-world-venezuela-worst-181-world-1475410
http://www.weforum.org/agenda/2014/09/top-10-competitive-economies-latin-america-caribbean/
http://atlas.media.mit.edu/en/profile/country/chl/
http://www.worldstopexports.com/top-south-american-export-countries/1840/