Latin America

What Brazil can learn from Paraguay’s seduction of foreign investors

How is Paraguay seducing entrepreneurs (and what Brazil can learn from that)
Paraguayan capital Asunción. Photo: Maloff

“How to open a company in Paraguay” and “everything you need to know about investments in Paraguay” appear as Google hints when you do a quick search related to business in the landlocked country, sandwiched between Bolivia and regional powerhouses Brazil and Argentina. Despite its diminutive size—less than twice the area of the state of São Paulo—Paraguay has averaged GDP growth of 4.8 percent over the last decade.

Paraguay is rapidly becoming an attractive destination for foreign investors, thanks in part to the shyness of the region’s big dogs after the drop in commodities exports. Instead of enduring vacant global...

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