Santiago ranked second in the study «Best Cities for doing Business in Latin America – 2009″, compiled by the magazine América Economía. The Chilean capital was preceded by the Brazilian city Sao Paulo and it was ahead of Miami (USA) that came on third place.
The study considered various aspects such as macroeconomic stability, economic freedom, size and economic dynamism, human capital, corporate and personal services, physical connectivity and power of brand, among others.
Santiago was first in terms of political stability, an index that considers the main economic variables, and also for personal services and branding power.
The Chilean capital increased gain one position since 2008 when it placed on third place, behind both Sao Paulo and Miami. At that time Santiago was considered the «headquarters of the most stable economy in Latin America.»
Other Chilean cities that were included in the study, which included 50 cities in total, were Valparaíso and Concepción. The first ranked at 18th place, while the southern city placed 24th.