Summary of Latin America’s Innovation Gap

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Latin America’s Innovation Gap summary
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Rating

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8 Importance

8 Innovation

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Recommendation

Most people don’t view Latin America as a hub for innovation, and the region has done little to buck that reputation. With most countries’ finances in a state of disrepair, spending on research and development is set to fall below already anemic levels. According to this study from the Economist Intelligence Unit, steps toward liberalizing trade and strengthening structural reforms in some countries won’t be enough to lift the area’s progress, compared to other emerging market zones. getAbstract recommends this illuminating article to policy makers, economists, analysts, and others interested in economic trends in Latin America.

In this summary, you will learn

  • Why Latin America falls behind other regions in terms of innovation and
  • What some Latin American countries are doing to promote innovation.
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Latin America has never been a global leader in innovation, but between 2004 and 2009, a glimmer of hope emerged when free trade agreements and policies promoting competition came into effect. Large multinational firms across Latin America, or multilatinas, began dotting the landscape. But ...

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