8.0 Quake Hits Arica Chile

At approximately 7:45, an earthquake registering 8.0 magnitude, hit off the coast of Arica, Chile according to the United States Geological Survey’s (USGS) Earthquake Hazards Program. While Chile is a seismically active country due to it’s location along the “ring of fire,” an earthquake of this intensity can cause serious damage. According to the USGS, “since…

Free Economic Zones in Latin America

At least four countries in Latin America have implemented special economic zones designed to encourage development. These special zones with favorable economic liberties can be found in Chile, Brazil, Argentina, and more recently Honduras. In February of 2011, the legislature of Honduras created the legal framework to initiate special zones intended to be largely autonomous,…