Prepare a report examining three different Latin America Mex

Prepare a report examining three different Latin America (Mexico, Brazil, Argentina) that might be a good location for a manufacturing company located in Virginia. Discuss several advantages and disadvantages which includes information about labor supply, transportation issues, financial risk, and other economic conditions for each country.

APA style and cite references.

Solution

Answer :

Manufacturing company located in Virginia planning to set up business in Latin America countries such as Mexico, Brazil, Costa Rica, Chile, and Colombia can in fact be regarded as good idea due to pleasant business environment, individual proficiencies, financial attractiveness, favorable business policies and political stability

Cost-effectiveness is the most significant and crucial element that one needs to consider while planning to set up a business in Latin American however they indeed are considered to be very cost-efficient for developing new projects as hiring rates for quality developers and professionals compared to US are much more cheaper.

Latin America has been known as an emerging hub for advanced agile development. Furthermore time zone alignment with North American enterprises makes it a perfect destination for responsive partnership facilitating with proficient and competent staff solutions. Various research analysts do firmly believe that Latin American professionals have a propensity to communicate more generously and adopt a creative approach towards problem-solving.

As per report from Executive Opinion Survey the failure to provide good governance is regarded to be the main hindrance of doing business in Latin America countries. For instance political and business corruption scandals in Brazil, corporate governance issues in Mexico and total collapse of national governance in Venezuela do provide a high-risk scenario for doing business in Latin America countries.

Business in Latin America countries to function effectively and efficiently does need to facilitate with vibrant and thriving economies. However unemployment among young individuals have seen a sharp increase whereas in 2016 International Labor Organization (ILO) had placed the official unemployment rate across the Latin America region above 8% which indeed is regarded as the highest level in a decade.

Global Risks Report for 2015 ranked social instability as the biggest risk factor of doing business in Latin America countries. Negative social factors represent fundamental risks to successful and operating business environment. Thus with ageing and growing vulnerable lower-middle class population indeed facilitates with a major threat of socio-economic instability.