Latin America has become a gold mine for outsourcing services, and Costa Rica seems to be a prime location. According to the World Economic Forum’s report Global Agenda Council on Latin America 2013, “more than 100 multinational companies are currently operating in its territory.”
The report also states that many factors contribute to an economy strong enough to meet outsourcing needs in the services industry. Elements such as a stable business climate and a diverse service sector “guarantee quality of operations, stability and a clear growth potential.”
Is still easier and more practical to fix mistakes closer to home where the time difference remains minimal
Latin America and the Caribbean offers an unbeatable strategic advantage. Indeed, North American companies will have a tendency to prefer outsourcing services to Latin America rather than Asia mainly because of proximity. In fact, if the markets were a little reticent at first, it is still easier and more practical to fix mistakes closer to home.