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· Total Workforce Size: 4,770,000
· Unemployment Rate: 8.5%
· Literacy Rate: 84%
· Official Language: Spanish
· GNI Per Capita: $3,970
· AT Kearney Global Services Location Index: unranked
· Ease of Doing Business rank: 130th of 183
· S&P's Currency Risk rating: B-
· Economist’s 2010 Democracy Index: 87th of 167 (Flawed Democracy)
· Transparency International’s Corruption Perception Index: 127th of 178, score of 2.5

Ankur Prakash Discusses TCS Latin America

As part of the Thought Leaders in Cloud Computing Series, Ankur Prakash, VP and COO of Tata Consulting Services Latin America, gives insight into the Latin American outsourcing market. To give a background on TCS Latin America, they began operations in Mexico City in 2003, and have since expanded into Ecuador, Colombia, Peru, Chile, Argentina. Brazil, and Uruguay.

Prakash gives his take on the talent in Latin Americau, the strategy behind seeking first tier cities, and recruiting from the Latin American labor pool. When asked about the cost advantage of the region, he replied, "As for the Latin American cost advantage, cost arbitrage, I don’t think that any company that works just on cost arbitrage in Latin America can provide any kind of value additional and advantage to local customers." He also explains that because of the vastly different economies that exist in the region, it is difficult to generalize on cost savings. Indeed, companies will find most regional generalizations unhelpful when examining Latin America.

Read the full interview here.

Jet Blue Prepares to Offer More Flights
to Latin America

Jet Blue may become the airline of choice for companies with nearshoring strategies...

JetBlue Airways Corp., with 65 daily trips to the Caribbean and Latin America, may fly to more distant international destinations as it adds fuel-saving winglets to planes and receives new Airbus SAS A320neo jets.

The changes, along with replacing smaller Embraer E190 jets with bigger planes on some routes, will allow the New York-based carrier to fly farther and carry more passengers. JetBlue announced a $2.5 billion order Tuesday for 40 A320neos.

The plan will allow JetBlue to expand its strategy of focusing flying in New York, Boston and the Caribbean. The carrier said it also is likely to use Airbus A321 aircraft it will receive to boost service on high-demand cross-country routes between New York and San Francisco and Los Angeles.

Read it at Ashbury Park Press