Tech in Latin America: A consumer-driven market - MarketWatch - 0 views
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Michael Ray on 29 Nov 12This article again illustrates the nature of the Latin American technology market: largely consumer driven. This stands in opposition to the American model, which is mostly a top-down funding model where infrastructure is the primary concern for investors. In fact, most infrastructure spending in Latin America is imported from Japan, China, and the US, while in consumer markets, these global players have a hard time competing with local providers. Latin American must diversify its tech industres foundation to include local businesses focusing on infrastructure technologies if it wishes to be a competitor on the global scale in the future, rather than remaining dependent on these global powers for tech innovation.