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Ib Term Paper Chile

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Georgia State University

International Business Term Paper
Chile

International Term Paper: Chile
Country Background * Name of country: Chile * Neighboring countries: Argentina, Bolivia and Peru * Territorial size of the country: 291,930 sq. miles (756,096 km²) * Size of the population: 17.46 million (2012) * Type of political system: Unitary state, Presidential system, Democratic republic, Constitutional republic * Who is the Prime Minister, President? Sebastián Piñera * What political party is in power? Democratic * Derivation of the form of law: based on the civil law model followed by Europe and Latin America

* How would you classify its economic system? Most efficient economic system in Latin America

* What are the GNI and the GNI per capita PPP? * GNI: 372.1 billion PPP dollars (2012) * GNI per capita PPP: 21,310 PPP dollars (2012)

* Major Natural Resources: copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower

* What major products are exported and to which countries? * Export- Agricultural, Mining and Industrial goods. (U.S, Japan, China and others)

* What are the major imports and from which countries? * Import- Petroleum oils, refined & crude and Cars. (US, China, Argentina…)

* Member of what economic integration organizations: Andean Community (CAN), Asia-Pacific Economic Cooperation (APEC) and Agency for the Prohibition of Nuclear Weapons in Latin America and the Caribbean (OPANAL)

* Name of the currency: Chilean Peso

* Is it freely exchanged? The Chilean peso is freely exchanged among several countries.

It is a good opportunity for U.S companies to export in Chile because it has the best economic stability in Latin American, the country’s Free Trade Agreement (FTA) and Chile’s mining and agricultural

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