When considering investing in Latin America many investors often overlook Chile, attracted by the headline grabbing economies of Brazil, Colombia and Peru. While Chile is classified as an emerging market, the nation possesses many of the characteristics of a developed market. These include a stable economy, the rule of law, high levels of economic freedom and a lack of corruption.
Just like any developed economy, services have steadily grown to make an ever-greater part of gross domestic product or GDP. Because of the surge in commodity prices, notably copper which is the Andean nation’s primary