As a partner in NAFTA and with trade agreements with more than 50 countries, Mexico is one of the main recipients of US foreign direct investment and also its third largest trading partner.
Against this backdrop, Mexico has become a new rising star among emerging markets. Its labor force is expected to grow, and background screening checks for potential employees and partners will become a necessity.
In recent years, Colombia has experienced a true rebirth in the region through development of a stable democracy and a healthy economy. Thanks to sound economic policies, structural reforms, improved security and a commodities boom, Colombia has become a magnet for investment. It is a strong supporter of free trade agreements in recent years and has the United States, China and Brazil as major trade partners.
Likewise, highly skilled Colombians have opened the way for a new breed of entrepreneurs, many of them in the Internet sector. In this context demand for background checks is expected to grow.
Favored by abundant natural resources, agricultural exports, and a diversified industrial base, Argentina is the third largest economy in Latin America. Although controversial, its expansionary fiscal and monetary policies have been a driving force in the country’s economy. In recent years. Argentina has also developed strong business and trade ties with Spain and the US.
Highly skilled executives as well as young and creative entrepreneurs are also a driving force in Argentina’s economy. In this changing environment, background checks have become a necessity.
In recent years, Brazil has been writing its own success story. Relying on large and well developed agricultural, mining, manufacturing and service industries, it has become a relevant trading partner of the US, the European Union and China.
Recent demonstrations called world attention about some pending socioeconomic and political issues, such as inequality and accountability. Nevertheless, Brazil is one of the most promising emerging markets in the world. Progress will demand recruiting highly skilled and reliable executives, as well as a competitive labor force.
Peru is experiencing a vigorous economic transformation. Favored by abundant mineral resources, as well as by free trade and investment promotion policies, the Andean nation has become one of the fastest growing economies in the Americas in recent years.
Over the last decade, the Peruvian economy grew by an average of 6.4%, thanks to an increase in private investment in the minerals and metals sectors. Copper, gold, lead, zinc, iron ore and silver account for more than 60% of the country’s exports. Peru is also a strong supporter of free trade, and currently has trade pacts with the US, Canada, Singapore, China, Korea, Mexico, and Japan, among others In this context of economic boom, demand for background screening solutions in the country is expected to grow.
Chile is one of the greatest economic success stories in Latin America. Having gone through 17 years of military rule and a subsequent return to democracy in 1990, Chile embraced sound economic and market oriented policies that lead the country to became one of the most stable and prosperous countries in the region.
Chile’s economy is characterized by strong financial institutions, strong foreign investment flows as well as a high level of foreign trade in which commodities exports play a major role. It has 22 trade agreements with partners such as the European Union, Mercosur, China, India, South Korea and Mexico. With this backdrop, demand for background screening solutions in the country is expected to grow.
With a dollar based economy and a well-developed services sector, Panama is currently one of the fastest growing economies in Central America. Its' privileged geographical location in the Central American Isthmus sets the division between North America and South America.
Panama is home to a wide array of services. container ports, transportation and logistics, flagship registries, the Colon duty free zone (second largest in the world), banking and tourism services account for more than 75% of the country’s GDP. Panama’s economy is expected to benefit from the recent expansion of the Panama Canal, which doubles its capacity.