Chile now ranks higher than the United States, and all of Central and South America according to the annual Index of Economic Freedom, produced by The Heritage Foundation, which has tracked economic freedom around the world for over a decade. According to the data compiled for this year’s rankings, Chile moved to number 7 on the…
Most who view South America from the outside undoubtedly think of the Spanish language first when picturing the continent, with the obvious exception of Brazil. While Spanish is obviously the most common official language, the fact is that more individuals in South America speak Portuguese than Spanish. Portuguese speakers currently outnumber Spanish speakers 196 million…
Mercosur is a full customs union encompassing Argentina, Brasil, Paraguay y Uruguay. On Tuesday, the 31st of July, Venezuela joined that group making it one of the largest economies in the world at an estimated $3.3 trillion dollars. Recently, a similar economic agreement made up of largely western countries (Mexico, Chile, Peru and Colombia) named…
Transparency International (TI) has published their Corruption Perceptions Index (CPI) since 1995, which ranks countries “by their perceived levels of corruption, as determined by expert assessments and opinion surveys.” The higher the number, the better. 2011’s results included 183 countries and territories around the world, including South America. Out of all the countries surveyed throughout…
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