Why Latin American stocks are some of the best penny stocks for dummies

The recent transformation of Latin America from a basket case to a growing economic power has improved its ties with the International Monetary Fund is giving a stronger voice in global negotiations on economic and financial reforms.

One of the voices which have drawn more strongly to these changes has been Dominique Strauss-Kahn, former French Finance Minister and current Managing Director International Monetary Fund (IMF). Before the G-20 meeting in Seoul last week, Strauss-Kahn visited Latin America, where leaders were asked to help maintain "global consensus" on financial reform that emerged after the recent economic crisis.

While Europe is ravaged by a debt crisis, Japan remains stagnant and the United States is recovering moderately, many Latin American economies have rebounded strongly making these . Buoyed by demand for raw materials and rising domestic consumption, countries like Brazil, Peru, Colombia and Chile enjoy what many economists predict will be a period of sustained growth. This makes Latin America stocks some of the best penny stocks for dummies that you can buy. On Tuesday, Brazil announced an expansion of 9% in the first quarter from a year earlier, the highest growth since the current methodology was implemented in 1995. The annualized figure, the favorite in the U.S., bordering on 11%.

In the past 12 months, Latin American countries have used its economic weight to gain greater relevance in the global arena. Brazil, for example, has played a decisive role in the effort to rebalance the voting rights in the IMF and has been a major player in the G-20 and other international forums.

Strauss-Kahn, in his third year at the helm of the IMF, recently met with Brazilian President Luiz Inacio Lula da Silva, Peru, Alan Garcia, and ministers of other countries like Mexico, Uruguay and Bolivia.

His message was that the best economic performance in Latin America creates some of the best penny stocks for dummies and gives a stronger voice and greater persuasive power. After meeting with Brazilian President Strauss-Kahn quoted da Silva's position compared to other leaders (and the country's rising role in international trade) as assets that could help persuade other governments that have to manage the economy together overall.

ts relative economic health, he argued, could give Latin American countries not only greater momentum in global markets, but also a better position in the negotiating table when the leaders reorder the global economy. "It's much easier to move forward his agenda when he is in a strong position," Strauss-Kahn. His reception in the region contrasted with what has historically been a rough relationship.

Garcia, who in the past has criticized the IMF, joked in a speech in Lima that "the IMF had changed." The president acknowledged that he, Peru and much of Latin America had also changed.