Your company is considering opening a new factory in Latin America. As such the strategic management division is in the process of evaluating the specific locations for such an operation. The pool of candidate countries has been narrowed to (1) Columbia (2) Panama and (3) Paraguay. By using Country Insights, a resource provided by globalEdge, prepare a short report comparing the risks of conducting business in these countries. Based on this information, in which country would you open the new factory?