Latin America has arrived front and center as a desirable offshore destination, a niche that India is most commonly thought to occupy. As a “near-shore” destination, Latin America offers significant value and resources when compared to Asia, especially for U.S.-based companies attracted to the region’s cost advantages, cultural affinity and abundant resources.

In fact, Latin America has what many U.S. and some European companies want: low-cost Spanish-language capability and a growing, relatively low-cost, skilled bilingual workforce. In addition, Latin American time zones and cultures are closely aligned with those of the United States.