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Are you an immigrant who is fed up with waiting for years for a green card which you may never get? Or a tech entrepreneur looking to dramatically cut costs? I’ve got a suggestion for you. Move South. No, I don’t mean to Los Angeles or San Diego, I’m taking about way down South in Chile. They’ll welcome you with open arms and offer you incentives which will cut your burn rate more than half. And you’ll get to live in a land which makes even California look drab. I just returned from a fascinating trip to Chile. Their government invited me to view the progress they had made in becoming an outsourcing hub. I was impressed with their ability to grow outsourcing from nothing to close to $1 billion in revenue over a mere seven years. But I didn’t see how they could grow much more in the body-intensive outsourcing segment without choking off local industry by sucking all the capable engineers and scientists into relatively high paying IT jobs. I told them that they had as much of a chance to compete with India in outsourcing as India had in competing with them in copper exports. India has a billion people. Chile has only 16 million people, less than some Indian cities. But Chile does have 40% of the world’s copper, a magnificent inflation hedge.

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Chile Wants Your Poor, Your Huddled Masses, Your Tech Entrepreneurs

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