Chile has one of the freest economies in the world and is at the forefront of developing Latin America's links with Asia.
Jim O'Neill, the legendary head of global economic research at Goldman Sachs, who coined the term 'BRIC' at the start of this decade as a convenient shorthand for the world's most exciting emerging markets (Brazil, Russia, India and China), recently said that those economies are now too big and too developed. He added that they will continue to be important motors of economic growth but that there are other emerging markets that will be the new tiger economies. He believes Chile is among those economies, together with Mexico and Indonesia - or 'MIC' in shorthand.
