FOREIGN TRADE 
ii 
countries that overcrowded Europe must come 
for elbow room—for a glimpse of the sun. 
Once a business or a plant is established in 
Latin America one need not have the intense 
fear of bitter local competition. These peo 
ple have never been manufacturing or creative 
in their desires, and the chances are, if we are 
to predicate their future from their past, that 
they never will become competitors in any of 
these fields. Climatic conditions, racial and 
inherited traits have made them follow the 
lines of least resistance and they have become 
cattle raisers and large farmers, while com 
paratively few have entered commercial life. 
This being true it follows that these countries 
are ideal for those desirous of leading an active 
commercial or manufacturing career. 
All of Latin America is in the process of 
awakening. They are building railways, 
making vast municipal and national improve 
ments, exploiting their natural resources, 
modernizing their agricultural methods. The 
advent of the foreigner has been potent in rais 
ing their standard of living. If these people