With the prudent macroeconomic policies pursued in Colombia and Peru over the past five years starting to bear fruit, the two countries are set to become much more important emerging markets in Latin America over the course of the next decade.
One of the most important aspects of the international financial tsunami that has battered the world for the past year has been Latin America's ability to act as a shock absorber, rather than as a shock amplifier as has been the case in previous financial crises. Brazil and Chile are probably the best examples of Latam economies that have weathered the storm well; however, Peru and Colombia have also shown remarkable resilience, especially given the countries' turbulent economic histories.
