I had a rather interesting meeting last night with a notable Chilean attorney who is the chief legal counsel of one of the country’s largest telecom firms. We talked about the growth of the local economy and the lengths to which the government here is trying to attract foreign investors and entrepreneurs.
We’ve discussed before in our daily conversations what I see as a new trend: governments competing for residents. Some countries– Chile, Latvia, Singapore, Panama, Estonia, etc. understand that their economic future depends on attracting the brightest minds possible.
Other countries go out of their way to repel or even prevent talented foreigners from settling, as if the fundamental freedom to work hard and prosper is somehow derived from irrelevant, invisible lines on a map.