Nicaragua among IBM’s global top 25 destination countries

PRLog (Press Release) - Nov. 18, 2011 - The 2011 Global Location Trends Report, recently published by the IBM Global Business Service, which provides analysis and viewpoints that help companies realize business value in countries around the world, ranked Nicaragua among the global top 25 destination countries, highlighting the significant increase experienced in terms of investment.

According to the report, global investment in 2010 was of a more strategic nature than the more tactical- and cost-reduction-focused investment activity in preceding years. While many countries have managed to benefit from the overall increase in investment, some countries are positioned to take greater advantage from foreign investment activity than others. Hence, the primary beneficiaries of the growing foreign investment in 2010 have been the emerging economies.

In Latin America, the report indicates that the region as a whole has also seen growth in business support services investment with countries such as Nicaragua, Costa Rica and Argentina benefiting.

When looking at jobs created per capita, rather than the overall number of jobs created, Nicaragua was ranked in the fourth position in the world - behind developed economies such as Singapore, Ireland and Hungary – and first within the Latin American region.

From an economic development perspective, job creation is the best indicator of the local economic impact of the investment. Job positions created through investment are typically filled by employees in the local labor market (or staff who relocate to that market) and consequently generate income and welfare in the region around the investment location.

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PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country.