a) Vastly different currencies/policy exposure. Argentina is an economic dumpster fire while Chile (and/or Uruguay) is kind of the "Singapore of south America."

a) Vastly different currencies/policy exposure. Argentina is an economic dumpster fire while Chile (and/or Uruguay) is kind of the "Singapore of south America." b) Even together they are tiny. Chile is 25% the GDP of Mexico, with a much higher GDP per capita. ie, Mexico is both much larger now and has much more headroom to grow.