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Haiti's economy is growing at over 8%, Puerto Rico is in a defacto depression (they call it an extended recession, which is bogus since by any definition, it is way beyond a recession now), hardly growing at all.
There's even a chart somewhere on the net (I saw it a few months ago) where all Latin American economies were ranked based on growth and Puerto Rico was last.
Sounds like Haiti's (and the rest of Latin America's) economy is doing better.
Heck, Puerto Rico is even losing population according to the last census. Imagine where all those people fleeing would had ended up, had it not been for the safety valve of the open flow to the US? Yeup, slums.
Haiti is starting at a much lower bar level and is still way more impoverished then any other country in the western hemishere, let alone Puerto Rico despite the recent economic growth taking place there. It's kind of like comparing say Angola with the US since while Angola's economy might have recieved more growth percentage wise, the US is still way ahead economically speaking.
Also, Chile is not competing in any market, which allows for wild growth in said market because Chile has a "monopoly" of sorts. Brazil is currently competing with the US (in agriculture) and Mexico (Manufacture), leading to market glutting and, due to Brazil being insanely anti-business, an eventual Brazil loss overall. Which leads me to my next point: Chile is much more business friendly, and far less protectionist. This leads to more sustainable and reliable growth, as business won't be gutted the way they are in Brazil. On top of this, Brazil is known to be able to make its companies compete on a global stage with stronger companies because Brazil taxes its populace to death, allowing these companies (which the govt has huge stakes in, allowing for unfair preference) to be able to compete, despite being subpar.
Exhibit #1 of why you should never rely on the internet forums for accurate information... "Chile doesn't compete" and "Chile is far less protectionist" in the same post.
If you're referring to domestic consumption, Chile does still compete on the international level... "Made in China" is as a big a problem in Chile as anywhere else in the world.
Peru is no slouch either, the average per capita income is over $10,000. It has decreased it's poverty rate from nearly half of its people living below poverty line to only about 25% today, in less than a decade. President Humala has said, that in about 7years Peru will have less people (rercentage wise) living below the poverty line than many industrialized countries including the US.
Peru is no slouch either, the average per capita income is over $10,000. It has decreased it's poverty rate from nearly half of its people living below poverty line to only about 25% today, in less than a decade. President Humala has said, that in about 7years Peru will have less people (rercentage wise) living below the poverty line than many industrialized countries including the US.
On the last point, doubtful... but I would love to see a country like Peru make it into the big leagues. Peru has a long ways to go, and a lot of that growth is just pent up growth from previous protectionist policies and state monopolies... but yes, Peru is doing well, but way way far from being even in the top 5 best latin american economies.
If we're talking volume it's Brazil. But if we're talking standard of living and stability, it's Chile.
If we're talking technology, it's Brazil.
If we're talking economic diversity, it's Brazil.
And how Chile is "more stable" than Brazil, is beyond my understanding.
Brazil is a total stable democracy, it had an elected right wing government until 2002, when it was defeated by the left wing in the elections, and saw a totally peaceful transition to the newly elected left wing government in that year. Elections are held always on schedule, and threre are no questions about the transparency and fairness of the elections.
Chile has far more violent protests of students armed with Molotov cocktails than Brazil.
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