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Santiago, Chile News About Santiago, Chile Over 4,5 million people live in Chile´s capital, Santiago. Its is one of the most modern cities of South America. Santiago is the most important industrial and financial center of Chile. It generates 45 percent of the country's GDP. Also, the city is, along with Buenos Aires and São Paulo, one of the biggest financial centers of South America. Some international institutions, such as ECLAC (Economic Commission for Latin America and the Caribbean), have their offices in Santiago. In recent years, due to the strong growth and stability of the Chilean economy, many multinational companies have chosen Santiago as the place for their headquarters in the region, like HP, Reuters, JP Morgan, Intel, Coca-Cola, Unilever, Nestlé, Kodak, BHP Billiton, IBM, Motorola, Microsoft, Ford and Yahoo. Chile is one of the most dynamic and promising markets in Latin America. Its strength and attractions are not found in its size, but in the energy and professionalism of its businessmen, the transparency of its regulations and the predictability of its market decisions. At present, Chile occupies the 15th place in world in terms of international competitiveness, according to the World Economic Forum. It also has the best risk free qualification country in Latin America: A- according to Standard & Poor’s and Fitch Ibaca. A growing and diversified economy with strong commercial relations with Europe, Asia and America has given Chile an excellent rank of options for future growth and sustained prosperity. The majority of the annalists coincide that the prudent economical policy has insured a long term stability that cannot be found in other Latin American countries. The privatization program, initiated in 1974, has been a catalyst for investments in Chile for the last two decades. This process was complimented by the governmental goals to reduce state intervention in the economy, such is the case of the adoption an austere fiscal spending policy. Other Major Cities:
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