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Chile's Outsourcing Challenge

The South American country aims to become an outsourcing hub, but it needs to learn lessons from India and China, and do more to cultivate innovation

The list of challengers to U.S. tech supremacy may be getting longer. Many pundits say the greatest threats to the nation's status as a tech superpower are China and India. Those people would do well to look south.

Aside from notable exceptions such as Venezuela, South America is a growth dynamo with a young population and rapidly maturing economies. Much recent growth has come from rich natural resources and a commodity bubble that rained cash on farmers, miners, and drillers alike.