This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Back in the days when Colombia was a political and military battleground, and leftist rebels regularly bombed the oil pipelines, investing in Colombian oil was only for people prepared to take enormous risks," says Frida Ghitis.

The contributing editor to Global Investing explains, "Now the landscape has changed considerably. Indeed our top stock idea for 2011 is now Columbian oil firm Ecopetrol (EC).

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Brazil is my favorite emerging country, and we're going to Brazil for our top pick for 2011: GOL Linhas Aereas Intelligentes (GOL)," says Ian Wyatt.

The editor of Top Stock Insights explains, "The rise of Brazil's middle class is good for airlines. And its fast growing emerging economy creates an ideal environment for discount airlines like GOL to set up shop and grow like crazy.

"Iron ore miner Vale (VALE) turned in outstanding results in the third quarter, with a 110 percent increase in revenue, thanks to a more than doubling in iron ore prices this year," notes Ian Wyatt.

The editor of Global Commodity Investing explains, "Iron ore prices, which are set quarterly, have since declined 10 percent, so the company won't rack up such impressive numbers again in this quarter. The weak dollar will also have an impact on the company's margins.

"Still, given China's continued strong expansion, as well as those of other emerging markets-and limited expected supply additions, iron ore prices are likely to remain high for some time to come.

"Resource-rich, politically stable and increasingly prosperous, Chile is an attractive play on commodities and growing wealth in emerging markets," explains Mark Salzinger, editor of The Investor's ETF Report.

Chile is also a favorite investment position of Nicholas Vardy, editor of The Global Bull Market Alert, who notes, "Thanks to its fiscal prudence, its lack of a domestic housing bubble, and its sizeable wealth reserves, Chile has weathered the current global economic meltdown better than most countries."

Here, the two advisors assess the longer-term opportunity in iShares MSCI Chile (NYSE: ECH), an exchange-traded fund.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"Don't get scared off by the name at Credicorp (NYSE: BAP), my favorite 'home run' pick for 2008," explains John Reese, of Validea, a quantitative advisor service based on following the strategies of leading market gurus such as Peter Lynch and Warren Buffett.

"While US banks have been floundering amid the credit and subprime crises, this Peruvian upstart has sparkled, gaining 30% since mid-August.

"The holding company's businesses are involved in commercial banking, insurance, and investment banking, and, if subprime's got you down, consider this: Credicorp's main subsidiary, Banco de Credito del Peru, actually grew its mortgage business 8.2% in the third quarter as Peruvians' purchasing power continued to increase.

"What's more, Credicorp's fundamentals are so strong that it's one of just three stocks currently getting strong interest from three or more of my 'Guru Strategy' computer models -- those that I base on the writings of Peter Lynch, Martin Zweig, and The Motley Fool's David and Tom Gardner.