Latin America Essay

Whether someone is a large business owner, or a small business entrepreneur, there are key factors that every business owner looks for regarding the environment of which they operate in. Some of which include a large consumer base, an educated staff, and potential for growth. Although many Americans are hesitant to do business south of the United States border, expanding, or relocating one’s business to Latin America has many economic advantages. These advantages include an educated workforce, a growing consumer base, common languages throughout the region, and continent-wide economic growth. Having an educated workforce is crucial for business development of both large and small companies. Regardless of occupation, educated employees tend to be more productive, create larger profits, and build more growth than lesser educated individuals (“Benefits Of A Well-Educated Workforce | CAEDC.”). A more educated population also increases competition

Latin America has experienced a recession in recent years, but forecasters expect to see positive growth in 2017 and 2018 according to The World Bank. For Example, 9 out of the 12 South Americans countries are projected to see GDP growth in 2017, and 10 out of the 12 in 2018. Furthermore, all Central American countries are expected to see GDP growth along with all of the Caribbean Countries. For business in this region, this means a strengthening of infrastructure, more government funding, larger export numbers, and an overall healthier economy. This will stimulate the economy and encourage more consumer spending, providing businesses within the region with a more solid platform to operate in. The United States is also expected to see GDP growth of 2.3 percent in 2017 and 2.5 percent in 2018. Since the U.S. is Latin America's largest commercial partner (Winters). Wealth generation in the U.S. correlates