Pacific Pumas

As the United States and Europe continue to fight long term stagnant economic growth amid crushing national debts, another region is shining bright. Latin America, an area once referred to as the “development of underdevelopment,” has emerged from the global financial crisis as a model of growth for emerging markets. A group of Latin American countries managed to not only survive the financial instability that rocked global markets, but actually grow during this period, and the World Bank forecasts that the region’s economy will grow 4.5 percent this year.  This regional success was fueled by a block of countries in Chile, Mexico, Peru, and Columbia, dubbed the ‘Pacific Pumas’, which have positioned themselves through sound policy and open trade to become drivers of Latin American economic growth in the burgeoning Pacific markets.

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