In May 2011 Carlos Slim, the Mexican business magnate, predicted that Chile will be the first Latin American nation to attain the status of a developed country. Chile's GDP per capita of US$15,400 in 2010 puts it far ahead of most of its neighbours and with economic growth for 2011 slated at 6.5%, the country would appear to be well on course to achieve Slim's forecast. However, if one area could prove a stumbling block in the country's drive to become a fully-fledged developed nation, some fear it could be in meeting its energy needs.
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