US News & World Report published an interesting article, "A Growing Trend of Leaving America" stating that over 3 million Americans move overseas every year.
They also highlight that "1.6 million U.S. households had already determined to relocate abroad; an additional 1.8 million households were seriously considering such a move, while 7.7 million more were "somewhat seriously" contemplating it."
The article focuses specifically on the fact that many now move and become entrepreneurs.
Some quotes from the article struck a chord with me. For example when talking about his move to Panama, one young entrepreneur says an attraction "is the chance to get into some kind of market first.", "more room for error." and the opportunity to "make mistakes without being put under." Another says, "I couldn't have opened this type of business in the States, here there's no one competing against me."
I think those reasons hit home for many of us who have already taken the plunge for whatever reason. Thinking about my own business, those same reasons make my list. Now with the US economy going into recession and prices of gas and food rising, my guess is that more and more of those "seriously considering" a move abroad will pull the trigger.
My prediction is that Central and South America along with Eastern Europe will draw the most. In general, the cost of living is relatively low, the economies are growing and the cultural divide is more manageable than China, India or SE Asia. As for South America, I think Buenos Aires will lead the way. Brazil is by far the economic elephant down here, but the strong real and the reputation for crime in Sao Paulo and Rio de Janeiro will keep many looking for alternatives. Santiago, Chile, may be a contender... they have a business friendly environment and are seen as a shining example of what can be accomplished when the government doesn't trip over itself. However, I don't think the dollar takes you nearly as far as in BA though that advantage may not last too much longer.
Do you think Buenos Aires will see an influx of entrepreneur relocators? What would be your reasons for, or for not, picking Buenos Aires?