Is South and Central America the future of worldwide growth?
What: A 122-page-long report on the reasons why LATAM is on the rise;
Why it is important: Still seen as a struggling continent, things have moved fast in Central and South America, two regions which enjoy competitive advantages in a polarizing world.
The current transformative changes in Latin America are compared to tectonic shifts, reflecting both challenges and opportunities. This transformation is driven by forces such as the region's potential as an engine of global growth due to its rich resources, a young population, and green energy initiatives. Lessons from economic battles have led to wisdom in managing inflation and interest rates. The region's neutrality benefits from the U.S.-China rivalry, with increased trade and investment. Digital democratization has led to greater internet access, despite data accessibility issues for some. Entrepreneurial spirit is being renewed with improved access to financial and human capital, and significant growth is anticipated in technology value-creation. Brazil serves as a model for digitalizing money, formalizing the economy, and enhancing financial inclusion. Artificial intelligence holds potential for accelerated growth, if managed wisely. However, persistent problems like poverty, education, and healthcare disparities remain, and technology's true power lies in transforming lives for the better.
Is South and Central America the future of worldwide growth?