The Digital Economy in Latin America

The road to sustainable human development passes inexorably thorough the digitization of national economies.

Friday, April 5, 2013

A book published by CEPAL entitled "Digital Economy for structural change and equality," reports on the profound differences between the Latin American countries with respect to the integration of new information technologies and telecommunications.

By looking at the statistics alone, related to the availability and use of Internet connectivity via broadband, it can be seen that many Latin American countries are departing from the development train, and that major changes should be made in order to give them a chance to catch up.

From the introduction of the book by ECLAC:

In this book, ECLAC states that, in a context of economic growth and poverty reduction in most of the countries in Latin America, they must address the challenge of coordinating and consolidating their digital economy, which demands answering questions about how to identify and exploit new opportunities which arise in a phase of technological convergence to advance economic development and equality.



More on this topic

Honduras: $45 Million for Digital Connection Projects

December 2019

The IDB loan funds will be part of the investment in equipment to operate the broadband network through a public-private cofinancing model.

The program to be implemented aims to cover and use connectivity, reduce transaction costs for citizens, businesses and public agencies through the development of digital government and encourage the development of the digital economy in the country, informed the Inter-American Development Bank (IDB).

Costa Rica: Telecoms Market Data Must be Updated

November 2015

A ruling by the Administrative Court found in favor of the state run telecoms company and obliges the regulator to update the relevant market data and level the playing field for all operators.

In the lawsuit, the Instituto Costarricense de Electricidad (ICE) argued that the failure to update data on relevant markets and operators prevented the Superintendency of Telecommunications from providing equal treatment to all telecommunications companies operating in the country. Because of this, Crhoy.com reports, "... only the ICE can be fined or receive penalties for noncompliance."

Global ICT Index 2012

April 2012

Top of the list in the region is Panama (57 in the world), followed by Costa Rica (58), Guatemala (98), Honduras (99), El Salvador (103) and Nicaragua (131).

The Global Information and Communication Technologies Report 2012 is prepared by the World Economic Forum (WEF) in collaboration with INSEAD Business School.

Costa Rica's ICT Sector Success

April 2011

The country's strategy for developing its information and communication technology (ICT) markets makes an interesting case study.

The Global Information Technology Report for 2010/11 quotes a study from 2010 by Ricardo Monge-González and Hewitt which states that, "relative to the size of its population, Costa Rica’s ICT sector is larger than those of most other Latin American countries".

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