BlackRock: socio-economic factors key to Latin American growth

Landers acknowledged concerns that Latin America's performance in recent years was solely fuelled by the commodities boom. However, he points out that while energy and raw materials industries are well represented in the region's economy, other areas of the economy are also enjoying vigorous growth. He added that Latin American economies tended to have low levels of debt, making them less exposed to the credit problems afflicting many of the developed economies. Socio-economic factors were also of great significance, said Landers. He explained: "Domestic growth is being driven by th...