Markets in the region range from emerging economic powers to small, resource-rich nations that can be surprisingly business-friendly or present major obstacles to investors
Argentina
While Argentina has natural resources and a well-educated workforce it often exemplifies some of the challenges of doing business in Latin America. At the top of the list is legal and governmental instability. Although the days of coups are over, populism is on the rise and the rules can change without warning.
“Certain Argentine governments (like the present one) continuously change the rules of law, and then there is no legal security,” says Pablo Pinnel of Abeledo Gottheil Abogados. “The present investment environment in Argentina until the next change of government happens in December 2011 is not good.”
In the past few years the government has nationalized utilities and pension funds, reorganized state-owned companies and set minimum prices for a wide range of goods. It has exercised control over retail prices of fuels, banned exports and cut subsidies.
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