Brazil is on fire, said Cramer, with the country growing its GDP by an expected 5% in 2010. With its growing middle class, there's lots to love, include Vale (VALE), a stock Cramer called the top producer of iron ore in the world.

Cramer also gave the nod to Banco Santander (STD), which has large exposure to Brazil.

China is another growth story, he said, as the country is flush with cash and seems to be doing everything right. Cramer said he likes China Unicom (CHU), another Action Alerts Plus name, as his pick in that country. China Unicom is one of the largest phone companies in China and is also the exclusive carrier of Apple's (AAPL) iPhone.

China is another growth story, he said, as the country is flush with cash and seems to be doing everything right. Cramer said he likes China Unicom (CHU), another Action Alerts Plus name, as his pick in that country. China Unicom is one of the largest phone companies in China and is also the exclusive carrier of Apple's (AAPL) iPhone.

Turning to Peru, Cramer said he likes Southern Copper (PCU) which is flush with the metals the world needs as it begins to recover. Southern is mainly a copper play, he said, but also has zinc, silver and gold exposure.