Komfie Manalo, Opalesque Asia:
The strong economies and the established institutional strength of the rule of law convince citizens of Brazil and Chile to invest internally in their own countries, said Martin Litwak, founder of Litwak & Partners in the latest Opalesque 2013 Brazil Roundtable .
The Opalesque 2013 Brazil Roundtable was sponsored by Litwak & Partners and Eurex and took place in October 2013 in Sao Paulo>
"In all the other countries in South America the money goes offshore as a first priority; in general to Switzerland, the United States or even Uruguay," Litwak said and added, "Only when growth is present do citizens invest internally in their own country. This is probably why Brazilians invest in their own country in the first place. The other major factor that drives Brazilians to invest in Brazil is the established institutional strength of the rule of law."
According to him, Chile and Uruguay, Brazil has the best legal system in the region.
Thalius Hecksher, global managing director of business development, at Apex Fund Services, Brazil has been historically an inward-looking type of economy.
"Thankfully, we are now starting to see considerable change ......................
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