Santiago → Pucón → Puerto Varas → Bariloche →
Industrial Financial Center Propels Economic Growth
Santiago, the capital of Chile and one of the largest cities in Latin America, is home to roughly 5 billion people. With nearly two decades of consecutive economic growth, Santiago has become one of Latin America's modern metropolitan areas. Contributing to the economy's growth are vast suburban development, shopping malls, high-rise architecture, and modern transportation infrastructures.
As the industrial and financial center of Chile, Santiago makes up 45% of the country's GDP. Strong growth and a stable Chilean economy have been factors to attract global companies to Santiago as their headquarters. Companies include Reuters, Procter & Gamble, JP Morgan, Intel, Coca-Cola, Unilever, Nestlé, Kodak, BHP Billiton, Microsoft, Yahoo!, and more.
Santiago attracts thousands of visitors to its commercial district abundant with cultural activities, top-notch restaurants, nightclubs, museums, and residences dwelled by well-known writers. Lovers of good wine may visit wineries in the valleys surrounding Santiago, a few miles away from the city.
Sara's Investment Outlook
Most American investors consider China the hottest emerging market in the world. Unfortunately, they’re dead wrong. India has seven times more impact on the U.S. than China!
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Nearly every company listed on the Santiago exchange is headquartered in this major city with many other homegrown Chilean companies to consider for investments. We're talking about banks, mining companies, telecom businesses, pharmaceuticals, supermarkets and wineries.
As the largest city in Chile, consumer discretionary spending here far exceeds anywhere else in the country, so major retailers like Falabella (FALABELLA:Santiago) and Ripley Corp. (RIPLEY:Santiago) have a large hold.
A thriving tourism and hospitaly industry means companies like Industrias Alimenticias Carozzi S.A. (CAROZZI:Santiago), Vina San Pedro S.A. (SANPEDRO:Santiago), and Compania Cervecerias Unidas S.A. (CCU:NYSE) are performing well.
