The Competitive Advantage Of Chile

The government also advocated the development of domestic industry in order to protect Chile from future external economic shocks. Thus, Chile, like many other Latin American nations at the time, adopted a policy of import-substitution industrialization. Its aim was to “encourage the creation of homegrown industries to replace Latin American dependence on foreign manufactured goods” (Berliner) which was done in part by establishing quotas, licenses, and higher tariffs on imports and a strict exchange rate in Chile.

The country of Chile is located in western South America. The conditions vary with the mountains, deserts, and beaches.

The Republic of Chile (Spanish: Republica de Chile) or more commonly known as Chile, has the largest economic systems, and most stable governments from Latin America in comparison to its neighbor countries. Although the country would have not achieved this stability without a problematic history full of struggle and hardship in which in time built the country’s economy and influenced their believes, customs and traditions that today make up the wonderful culture of Chile.

Chile is a narrow and long country that that extends in the western border of South America. Chile is located west of the pacific ocean and it is located along the ring of fire. Chile is a mountainous because most of their land has the mountain ranges of the Andes. The tip of Chile is called Tierra del Fuego and it is located near Antarctica. To the east of Chile is Argentina to the north Peru and to the northeast is Bolivia. In Chile they are a lot of volcanoes most of the volcanoes are located on the Andes. 80 percent of Chile's land is covered by mountains. A lot of the Chileans live along these mountains or even on them. Chileans have lived like this for thousands of years and have gotten used to it. In the northern parts of Chile snowfall is very heavy and rainfall is very scarce. When getting to the central part of Chile the climate of Chile starts to get more desert like. Also a lot of Chile's coastline is very rocky and mountainous. Annual rainfall is about 14mm the average temperature a day is 17 degrees Celsius.

With a GPD of $135.7 billion (2014 est.), The República Dominicana’s economy is in a very strange shape. Originally based on sugar and other commodity export (coffee, cocoa, tobacco), though when prices went low through most of the 1980s and early 1990s, the Dominican Republic resolved to diversify its economic base. With the introductions of New Trade Zones, manufacturing has boosted to manufacturing sector to 17% of GDP by the year 1996.

Many of the many positive things Latin America is doing for its economy is Improving communication and transportation. This will cause the infrastructure to grow and eliminate trade barriers. Latin America is also passing laws to distribute farmland more fairly to the people as well as expanding their service industries. This will open up Latin America to more trade opportunities. In order to boost their economy,

Chile also exports giant mussels, chilean oysters, red abalone, lobsters, sea urchins, clams, sea snails, seaweed and many more of the seas delicious

Southern regions of Chile. All three regions are different in their own way and have their own

Both Chile and Peru have democratic government systems, a president elected after a term limit under their constitution, opposition parties, constitutional safeguards, an independent judiciary and a free press. The business of foreign companies is governed by a set of laws emanating from various treaties and pacts the country signed with the Andean, Latin America, and the world trade organization. The rules include the privatization act; foreign investment law that encourages private investment in primary economic sectors, particularly public utilities, banking, transport, and telecommunications among others. The region’s taxation policies are relatively favorable to foreign businesses as they are not charged service withholding tax. The value

The increase was lower than previous years. A few of the areas that helped increase the growth was real estate, fishing, and forestry. (Pettinger, 20130 The unemployment keeps going down, but the numbers are nowhere where they should be. The unemployment rate was seven point four percent. Things are starting to look better for the economy in the United States.

A nation’s sovereignty and self sufficiency is all dependent on said nation 's economy, a nation with a doomed economy is bound to fall and fail its people. Such is the case with the South American country Chile, in 1973 under President Allende’s socialist regime. Salvador Allende was the short-lived president of Chile ruling from 1970 to 1973. During Allende’s reign, socialist destruction ensued, with crime breaking out frequently, complete totalitarian rule with all forms of media being regulated and controlled by a marxist government, a grief-stricken economy, as well as the abolition of all free trade, with tariffs up to 100%, extremely crippling the Chilean society and economy. As Chile was in shambles, it was inevitable a revolution

The human population amounted to 15,600,000, which is including 67.6 percent mestizos, 29.5 percent Europeans and 2.9 percent indigenous people. Agricultural activities in Chile are less important than those of its surrounding countries. The main contributors to agricultural GDP (1990-97 on average) are fruit (29 %), livestock (27 % ), crops (17% ), vegetables (14 % ) and forestry (13 % ). During the last decade there have been major changes in the relative importance of these activities; notable changes include increases in vineyards (47 % ), flowers and horticultural crops (30 %), fruit (21 %), and "improved" pastures native pastures that may have been sod-seeded with introduced species, 42 % ), and decreases in annual crops (-28 %), and native "unimproved" grasslands (-13% ) among others. Chile is a net exporter of poultry and pork with a small amount of lamb. Whereas it is a net importer of beef, $218,100,000, and powder milk, $28,000,000. Also small amounts of beef began to be exported to Israel and Cuba, a trend that it is anticipated will continue for beef and cow milk. Including imported beef and cow milk, the availability per capita of these two products in 2000 was 22.3 and 128 kg

Chile is known for its growing economy, and in order to have a healthy growing economy a country must have various trade agreements. Chile has trade agreements with almost everyone. Each agreement is special in its own way. The state has also recently became more involved with regional trade as it wishes to become a bigger presence in South America (Ibanez, Garcia). The state is also hoping to become an important economic state internationally, which is why its market score is currently 78.5 (The Heritage Foundation). It is currently one of the Top 10 free economic leaders; as the state hold the 7th spot for the most free economy (The Heritage Foundation).

Colombia’s trade is an important part of its economy. Colombia exports many of its natural resources and products to other countries. Coffee remains one of the most important exports for Colombia, although money from coffee is not as important as it used to be (Hudson 143). Flowers are another integral product that is exported from Colombia. One million people in Colombia depend on the income that is brought in by flowers and Colombia is the largest flower exporter to the United States (Hudson 155-156). In 2006, 42% of Colombia’s exports were minerals, and the second-largest export in the nation was coal (Hudson 158). Colombia has the greatest coal reserves in South America, the biggest of which are located in El Cerrejón (Bushnell 273). Coal is important to Colombia’s economy, however; it is a limited resource, so other options should be pursued. The most notorious

Since the mid-20th century, countries have progressively reduced barriers, subsidies to domestic industries and diverse restrictions on international commerce in order to promote specialization and greater efficiency in production. In theory, free trade allows nations to focus on their main comparative advantages and profit from cooperation and voluntary trade. This strategy is usually reinforced by treaties between two or more countries where commerce of goods and services can be handled across their common borders, without tariffs and other trade obstacles. As a key component of regional integration in the Americas, CAFTA-DR is one important example of this economic ideology.