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Latin America Contracts

Latin America is a region of the Americas where Romance languages (i.e., those derived from Latin)  particularly Spanish, Portuguese, and variably French  are primarily spoken. Income from tourism is key to the economy of several Latin American countries. Mexico receives the largest number of international tourists followed by Brazil, Argentina, Dominican Republic, Puerto Rico and Costa Rica. According to Goldman Sachs BRIMC review of emerging economies, by 2050 the largest economies in the world will be as follows: China, USA, India, Brazil, and Mexico; Two of the largest five economies in the world are Latin American. More significant is that on a per capita basis most Latin American country, including all the large countries (Argentina, Mexico, Brazil, Chile, Peru, Venezuela and Colombia), have per capita GDPs greater than that of China in 2009, while some of this group are substantially more developed than China. 

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