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
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:
- La Serena
- Puerto Montt