<P> The influx of foreign investments in Chile has grown every year from 2010 - 2015 . In terms of foreign investment, Chile is the region's second most attractive country, after Brazil, however, the investment cycle in Chile is variable because it is linked to mining projects . Chilean economics are founded on the principles of transparency and non-discrimination against foreign investors . Investors are attracted to Chile due to its natural resources, macroeconomic stability, security, and growth potential . </P> <P> Over the past five years, dollar - based investors in Latin America have experienced losses driven by a depreciation of local exchange rates . Looking forward to 2017, several factors suggest that current exchange rates will provide positive tailwinds to dollar - based investors over the next several years.: </P> <Ul> <Li> Local Currencies appear undervalued on a PPP basis: Latin American currencies are seeing an increase in purchasing power . Cheaper goods and services in Latin America will stimulate an appreciation in local currencies . </Li> <Li> Real exchange rates have declined enough to resolve Current Accounts Deficits: Low currencies are resulting in a decreased demand for imported goods and stimulus for foreign demand for exports . Cheap exchange rates have set the stage for strong trade dynamics moving forward which should increase demand for Latin American currencies . </Li> <Li> Commodity Prices are Rising: Commodity prices are trading at 64% below their peak in 2007 . </Li> <Li> Interest Rate Differentials are Stimulating Capital Flows in Latin America: The monetary policies of central banks in the region are supportive of strong currency levels . Central banks have acted and raised interest rates to maintain price stability . With decreasing inflation, the real return differentials between the Dollar and Latin American currencies are attractive enough to carry trade into these local currencies and support appreciation . </Li> </Ul> <Li> Local Currencies appear undervalued on a PPP basis: Latin American currencies are seeing an increase in purchasing power . Cheaper goods and services in Latin America will stimulate an appreciation in local currencies . </Li>

What is a major growing industry in latin america