Global Money Management - Latin America Becomes Next Big Thing

Latin America Becomes Next Big Thing

The powerful combination of abundant natural resources and a pool of low cost labour has helped Latin America to become an increasingly important participant in global trade in recent years. A growing network of free trade agreements now connects the region with markets in the U.S., Europe and Asia.

Last year, Latin America posted another straight year of good economic growth, and, although slower growth in the U.S. is likely to have an effect on Latin America, the United Nations' Economic Commission still expects healthy growth of 4.7% for the region this year. Baring Asset Management's emerging market equity team, headed by James Syme, believes the region is growing while maintaining a current account surplus and reducing its indebtedness. One of the main reasons for this positive state of affairs has been the recent strength in commodity prices, driven in part by Chinese demand for energy-related products and political instability in some of the more traditional oil producing countries.

With its abundant supplies of water and land, Latin America is at the forefront of food production, and has benefited from the recent surge in demand ...

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Latin America Becomes Next Big Thing

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international fund managers