The group, which accounts for 90 percent of Latin American output, consists of Argentina, Brazil, Chile, Colombia, Mexico, and Peru. In each of the past ten years, Chile has exceeded the GNI per capita of all of the other LA6 countries in terms of purchase price parity dollars. The GNI per capita of Mexico was close to that of Chile from 2003 to 2005, but in 2006 the GNI per capita in Chile began to separate from Mexico. (Exhibit 1) During the global financial crisis, the GNI per capita…
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