Nº 4 advantage
An attractive business climate
Thanks to its political and economic stability, openness to trade and legal security, Chile has maintained an attractive and dynamic business climate for investors.
Wednesday, July 29, 2009
Thanks to its political and economic stability, openness to trade, legal security and excellent growth prospects, Chile has maintained an attractive and dynamic business climate for investors. According to the Business Environment Rankings of the Economist Intelligence Unit (EIU), Chile is one of the 20 most attractive economies in which to do business between 2010 and 2014 and leads Latin America in this field.
Chile’s advantages as a place in which to do business were also highlighted by Doing Business 2012, a report published by the World Bank. In this report’s overall ranking, Chile took 39th place out of 183 countries, up by four places on 2011. This meant that Chile maintained its upward trend given that, between 2010 and 2011, it climbed ten positions. According to the report, Chile is the easiest Latin American economy in which to do business, ranking 56 positions above the regional average.
Chile is also an attractive country in which to do business because of its high level of free trade. It is, indeed, one of the world’s ten freest countries, according to the Index of Economic Freedom 2012, published by the Heritage Foundation and the Wall Street Journal. With a score of 78.3 points, it took 7th place in the ranking, ahead of all other Latin American countries. Between 2011
and 2012, it climbed four places in this Index and increased its score by 0.9 points.