Chile also offers a large educated and skilled workforce. Because Chile has a literacy rate of 97.5%, according to the CIA, a high life-expectancy rage of 78.9 years, and a major proportion of its population being citizens of working age, TEC could benefit from locating the factory in a place with an already booming economy, robust workforce, and wages much smaller than other OECD countries. Furthermore, Chile’s already proven to make huge strides in adopting electric vehicle technology. In 2011 Chile introduced its first electric vehicle, the Mitsubishi i-MIEV, and ushered in its first charging station in urban city Santiago. And in 2013, Chile began testing for its first EV …show more content…
For years now, China has been known as “The World’s Factory,” and rightly so. A large part of why China has succeeded is because of its proper macroeconomic management and strategic economic and political development. The transition between political leaders had been incredibly polished and peaceful. It started with Deng Xiaoping, who had adapted the market economy in 1978 and paved the way for a capitalist future. After him, Premier Zhu Rongji was responsible for introducing China into the World Trade Center. Following Rongji, President Jiang Zemin, helped expand China’s economy and made its presence known throughout the world because of his policies that encouraged entrepreneurship and promoted businesses. And the current president of China, Xi Jinping, has made an effort to decrease the prevalence of corruption in the government and in the military as well as start a program to develop rural areas to eliminate existing development gaps, attempting to promote social equality. All of these leaders combined eventually led to an abundance of innovation and made China into a country that thrived on globalization, attracted foreign investors, and had a stable monetary and fiscal policy