The Continued Rise of MercadoLibre
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Often overlooked in favor of the U.S. and China, South America is one of the most exciting regions on the planet for investors. Once associated predominantly with political instability, poverty, and organized crime, the continent is now a globally recognized exporter not just of raw materials but of businesses, technology, and highly educated workers. Brazil, in particular, is often upheld as a potential economic superpower. In fact, all of the region's major constituent countries -- with the dramatic and headline-generating exception of Venezuela -- are expected to see GDP growth in the range of 2% to 4% by 2021.
Of all South America's success stories, few have been more impressive than that of MercadoLibre (NASDAQ: MELI). The largest e-commerce platform on the continent, MercadoLibre boasts more than 180 million active users across key Latin American markets, including Brazil, Mexico, and Argentina. These figures are especially noteworthy considering that only about 60% of Latin Americans are estimated to have an internet connection.
Source Fool.com
