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The tech investment wave has reached Latin America
So the Tech Wave has hit Latin America, but "somehow" skipped right over Caribbean. What can we do to prevent this from happening or continue to happen?
Latin America faces a unique opportunity to develop the next generation of tech startup stars. Market conditions such as internet and mobile internet user growth outpace the U.S. And a GDP of 9.5T is bigger than India and almost the same as China. Also, banks and industrial complexes still dominate the market, leaving plenty of space to conquer the future. We could argue that these are obvious assumptions and that not much has changed. But something has changed.
We’re currently going through the maturity phase of the internet technological revolution. According to Carlota Perez’ work, this is the moment when core markets become saturated and the set of technologies and financial capital moves toward the periphery: toward the less-advanced countries.
So the Tech Wave has hit Latin America, but "somehow" skipped right over Caribbean. What can we do to prevent this from happening or continue to happen?