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Among Best Countries to Do Business in LatAm Brazil Is Number 9

Brazil's currency, the real Brazil ranks ninth in a 19-nation list of the best countries to do business in Latin America, according to the second annual Latin Business Index from Latin Business Chronicle. The index has Chile again at the top and Venezuela at the bottom of the list.

The index of the 19 countries looks at five key categories and 28 subcategories to measure the recent, current and future business environment in a country.

They are: Macro Environment (GDP growth 2006 and 2007, estimated growth this year and forecasted growth next year, GDP per capita and inflation 2006 and 2007, estimated inflation this year and forecasted inflation next year); Globalization & Competitiveness (globalization, competitiveness, tariffs and education/ health).

They also include Corporate Environment (corporate tax rates, access to capital for entrepreneurs and ease of doing business, including starting and closing a business); Sociopolitical Environment (political freedom, economic freedom, political stability, political outlook, business policies of government, corruption and security for companies and businessmen); Technology Level (PC, Internet, wireless and fixed telephony penetration).

Uruguay showed the leading position in technological development; third in political environment and fourth in corporate environment.

Panama follows Chile as the best place in Latinamerica to make business, followed by Peru, Uruguay and Dominica Republic. The region's leading economies, Mexico figures sixth and Brazil, ninth.

However Uruguay in the 2007 reports was in overall third place, behind Mexico.

Venezuela remains at the bottom of the list with the worst macroeconomic and corporate environment and in globalization and competitiveness. Venezuela ranks with the second highest inflation in the world.

Latin Business Chronicle says regional economies may be slowing down slightly from 2007 and the US sub prime crisis looms, "but the corporate sector in the region is anything but bullish, thanks to another strong year."

"In general, the South American economies remain strong," says Maureen Kempston Darkes president of General Motors' Latin America, Africa and Middle East division.

"GM and the industry [were] expected to hit record sales volumes in 2007, and the growth is expected to continue in 2008. With our global product portfolio, GM is well-positioned to take advantage of this growth."

Latin America's combined economy is expected to grow by 4.3% this year according to predictions from the International Monetary Fund. The World Bank and the United Nations Economic Commission for Latin America and the Caribbean (Cepal) are slightly more optimistic, forecasting growth of 4.5% and 4.9%.

Latin Business Chronicle quotes Peter Rí¶sler, deputy general manager of German business group Ibero-Amerika Verein who anticipates that by the end of 2008 the region will "have grown by around 30% since 2004" adding that the combined economies of Latin America have "the dimension of Germany or China."

Meanwhile, US firms have invested ten times as much in Latin America as they have in China, points out John Murphy, executive vice president of the Association of American Chambers of Commerce in Latin America (AACCLA), an organization that represents more than 80% U.S. investment in Latin America.

"Business will push ahead in the Americas [this] year, investing, trading, and creating jobs" he underlines.

Mercopress

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  • Show Comments (8)

  • João da Silva

    Ch.c
    [quote]Brazil is shining again[/quote]

    Never mind. I am interested in hearing your objective answer to the question raised by Ricardo Amaral about Petrobras.Please ensure that you don’t go into a tangent and start attacking the “Squid” 😉

  • ch.c.

    Laugh….laugh….laugh !!!!!!
    Brazil is shining again ?????

    😀 😉 😀 😉 😀 😉

  • João da Silva

    Ricardo Amaral
    Hi Ricardo,

    [quote]I am just bouncing the idea to see the reaction of a few people regarding that subject.
    [/quote]

    That is a good idea to do so. You got a feed back from Forrest also in https://www.brazzil.com. I hope some more of our fellow bloggers give you their opinion.

    [quote]You probably will enjoy my next article. [/quote]

    Look forward to reading and commenting on it.

    [quote]By the way, I got in contact with Rodney the editor of Brazzil magazine and he told me that he was having a lot of problems with the magazine, and he had hired someone to fix the bugs in the software.[/quote]

    It is not all that difficult to fix. When the site is off the air too frequently and for a long duration, an on line magazine is bound to lose lot of revenue! I am sure Rodney is aware of it.

  • Ricardo Amaral

    Joao da Silva
    Thanks for your reply.

    I am just bouncing the idea to see the reaction of a few people regarding that subject.

    You probably will enjoy my next article.

    We will keep in touch.

    By the way, I got in contact with Rodney the editor of Brazzil magazine and he told me that he was having a lot of problems with the magazine, and he had hired someone to fix the bugs in the software.

  • JAY GLENN

    SHOW ME THE LIST
    This article is a very good and informative one for our policy makers to read, digest the contents and correct the situation.For example:
    What were the breakdowns of all the nations?
    Who What Where Why…. How many Details makes a good article.

  • João da Silva

    Ricardo Amaral
    Hello Ricardo,

    Good to hear from you again and I am doing alright and thanks for asking.

    [quote]yesterday I posted a question for you on Brazzil magazine, but that magazine has been off-line since last night.

    I am finishing a new article for publication, but before I finish it I have a question for you. [/quote]

    https://www.brazzil.com has been having problems for the past 6 weeks. It stopped working for almost a month and then reappeared with a different layout. But, it is off the air most of the time. However, http://www.brazzilmag.com seems to be working alright, though at times, it takes a long time to access the server.

    Congrats for preparing to publish a new article and if you are going to do it in https://www.brazzil.com, I suggest you wait till it comes back at full steam. I observed that this site does not publish many interesting articles and also there are not many comments.

    [quote]Please tell me why the Brazilian government should not renationalize the portion of Petrobras that is in the publics’ hands. [/quote]

    My reply to your question is by asking you another question: Who is going to be benefited by this measure?

    As you know, after 1985, the management of the state owned companies fell into the hands of the politicians, regardless of their party affiliations.In the first mandate of FHC, 3 major companies were sold off to pay off part of the external debt (TELEBRAS,EMBRAER and CVRD). It is fine.By doing so, it injected foreign capital into EMBRAER and CVRD and opened up their products to the world market.It was not the same case with TELEBRAS. The part of the purchase was financed by BNDES (with the exception of EMRATEL and TELEFONICA). Regardless, the progress we have made in the field of Telecommunications is
    nothing we could be proud off.

    Coming back to Petrobras, it is a strong tool still in the hand of the government for several purposes and by renationalizing the portion in the hands of the public, a)It is going to send a bad message to the foreign stock holders b)it is not going to benefit the consumers in any way I can think off c)it will allow the politicians to do whatever they want with our national assets.

    btw, there is a big movement from several segments of the society (especially MST) to Renationalize CVRD. I get skeptical with such movements, especially when MST is involved.

    I hope I was of some help to you. All the best with your article and look forward to reading it.

    It was good to hear from you again.

  • Ricardo Amaral

    Question for Joao da Silva
    Hi Joao,

    How are you?

    yesterday I posted a question for you on Brazzil magazine, but that magazine has been off-line since last night.

    I am finishing a new article for publication, but before I finish it I have a question for you.

    Please tell me why the Brazilian government should not renationalize the portion of Petrobras that is in the publics’ hands.

    Thanks in advance for your feedback.

    Ricardo

  • João da Silva

    Among Best Countries to Do Business in LatAm Brazil Is Number 9
    This article is a very good and informative one for our policy makers to read, digest the contents and correct the situation.For example:

    [quote]Uruguay showed the leading position in technological development; third in political environment and fourth in corporate environment.[/quote]

    Why did Uruguay show the leading position in Technological development? It is a point to ponder about.

    Why are we in the 9th position? A part of the answer is in the article:

    [quote]They also include Corporate Environment (corporate tax rates, access to capital for entrepreneurs and ease of doing business, including starting and closing a business); Sociopolitical Environment (political freedom, economic freedom, political stability, political outlook, business policies of government, corruption and security for companies and businessmen);[/quote]

    Our ” Technology Level (PC, Internet, wireless and fixed telephony penetration)” is better than that in Uruguay,but still we are supposed to be below them in “Technologiccal Development”. Why? Can anyone answer?

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