Political, social changes key for Latin America’s growth

March 15, 2007


craiser.jpgFor decades, Latin America was a magnet for U.S. and European companies seeking to manufacture products in under-developed countries with vast natural resources and cheap labor costs. But the surge in recent years of China and India as economic powerhouses is taking the luster away from the region. Fast.

Latin America desperately needs multi-billion-dollar investment if it is to pull out of poverty, build the roads, bridges and dams it lacks and improve its woefully-inadequate education systems.

Drawing investment to the region will be one of the top topics at the Reuters Latin American Investment Summit, which will take place in 12 Reuters’ offices next week.

Nearly 50 government ministers and chief executives of telecoms, mining, banking and retail companies will participate in the summit.

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