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    Chile's economy vs. other Latin-American countries

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    I need assistance in explaining why Chile's economy is so much better than other Latin-American countries.

    © BrainMass Inc. brainmass.com March 4, 2021, 7:43 pm ad1c9bdddf
    https://brainmass.com/economics/economic-growth/chiles-economy-versus-other-latin-american-countries-119128

    Solution Preview

    Please see the attached file.

    Yes, Chilean economy is better than other Latin-American countries. If we see the following table:

    GDP per capita (PPP) 2005
    Rank in world Country GDP
    per capita
    50 Argentina
    14,109
    56 Chile
    11,937
    65 Uruguay
    10,028
    68 Brazil
    8,584
    81 Colombia
    7,565
    96 Venezuela
    6,186
    97 Peru
    5,983
    99 Suriname
    5,683
    105 Guyana
    4,612
    107 Paraguay
    4,555
    113 Ecuador
    4,316
    125 Bolivia
    2,817

    http://en.wikipedia.org/wiki/Economy_of_South_America

    If we analyze the above table, one can conclude that these countries are in developing stage. Chile being the second highest rank country according to the GDP per capita and and at 56th . Bolivia is least developed and its ranked at number 125.
    http://www.eclac.cl/cgi-bin/getProd.asp?xml
    Chile's ...

    Solution Summary

    Chilean economy is assessed and research supported.

    $2.49

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