Word: chiles
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...surprising who comes out ahead. According to the Business Competitive Index, the Global Competitive Index's sibling measure developed by Harvard economist Michael Porter, the countries with the lowest wages relative to competitiveness - that is, the best values as investment locations - are Taiwan, Hong Kong and India, followed by Chile, Singapore, the Czech Republic...
...CHILE...
...Africa on the disparate development of Mauritius and Angola. In Denmark, Justin Fox analyzes the country's success amid high tax rates. Asia hand Kathleen Kingsbury examines China's push to land R&D labs. Latin America expert Tim Padgett assesses the surprising economic strength of Argentina, Brazil and Chile. And business writer Barbara Kiviat explains the significance of the WEF's country rankings. We are also launching on TIME.com an amazing Global Business section--a hub for up-to-the-minute business news, sorted by country. It features a comparison of WEF country rankings, videos from CEOs on business...
...general, says Sala-i-Martin, the data show that democracy in developing countries is a wash. "That doesn't mean democracy isn't desirable," he says. "It just doesn't help economic growth." As countries grow richer, though, many--like Chile, Spain and Greece--adopt democracy. "Democracy," says Sala-i-Martin, "seems to be what economists would call a luxury good." Demand for it increases as incomes rise...
JUAN CARLOS I, King of Spain, to Venezuelan President Hugo Chávez, after Chávez called former Spanish Prime Minister José María Aznar a "fascist" during a summit in Chile...