EVOLUTION OF LATIN AMERICA`S ECONOMY

In Latin America the biggest economies are MEXICO & BRAZIL. 
Then follows Colombia & Peru, committed to supporting market-friendly economic policies and both are relatively easy to do business and have well-trained young workforce. Both presidents respectively are making their countries ripe for investment. And Chile has been almost the same good stable economy in latin America and the rest of Latin countries with almost same trajectory as follows:

Mexico, has transformed the most. In the 1980s the manufacturing sector comprised just 10 percent of total exports; today it is over 75 percent. Mexico’s economic diversification and dynamism, especially in the automotive & electronic industries, have held oil at a steady 10-15 percent of exports for the last twenty years, even as oil prices have risen 

Brazil, Over the last forty years has moved away from a heavy reliance on food exports, and manufacturing has steadily risen—peaking at over 50 percent of exports in the 1990s and early 2000s. But the graph below also highlights Brazil’s continuing challenges: commodities have risen as a percentage of exports, leading manufacturing to slip to less than 40 percent of total exports in 2010

Colombia, has followed a similar trajectory; moving away from food production and toward manufacturing with the great potential to develop more and actually faster then other countries in Latin America. What has also increased substantially is oil production, jumping from under 2 percent in 1981 to reach some 60 percent of the country’s exports today. The combination of government incentives and expanding geographic safety suggests this upward trend will continue.

Peru, now is one of the most interesting venues for investment grade worldwide and for the last 12 years has an stable economy, making 38 consecutive months of growth averaging 6% for the last 10 years, Peru`s economy grew this year 6.33% higher than expected, it was led by fishing, construction sectors and Agricultural activity and tourism . Mining and Hydrocarbon has declined in the first 10 months of 2012. Peru is a mining country, but also has changed drastically in the last 20 years for the better. 

Chile, though rightly touted as one of the most open and advanced economies, remains in essence a commodity producer. Some areas have increased their value added—for instance, within food exports is the successful wine industry. But overall, copper dominates, bringing in roughly $ 41 billion a year, or nearly 60 percent of exports. Structurally, not much has changed in the last 30 years.

 Venezuela, has changed, though unlike its neighbors it has reverted to the past. Where manufacturing, food, and ore and metal exports rose steadily during the 1980s and 1990s (to total a combined 20 to 30 percent of exports), under the Chávez government they now comprise less than 7 percent. Over the last fifteen years, food and agricultural production have been wiped out, and oil dominates once again.

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