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Being a global market player requires that enterprises constantly change and adapt to the complexities of the economic environment. It also requires that the government implements a strong macroeconomic policy that fosters and nurtures their competitiveness. This paper presents an exploratory research on the economic performance of two Latin American emerging countries - Chile and Puerto Rico - in order to contrast the strategic measures taken by both economies during a period of economic distress. This study suggests several actions that Puerto Rico's policy makers could benchmark from the Chilean economy in order to restore growth and competitiveness to the island. [ABSTRACT FROM AUTHOR]

The globalization of markets has opened new pathways for economic growth to every firm around the world no matter its size. In response, government officials are implementing policies and strategies to equip its entrepreneurial community with innovative and creative approaches for them to cope with the constant and unpredictable changes of the global scenario. Conversely, Puerto Rico's economy is still rooted in a model that differs from the competitive requirements of free trade. This paper examines the competitiveness of Puerto Rican small and medium-sized enterprises with respect to their ability to succeed in this landscape. [ABSTRACT FROM AUTHOR]