A study conducted in 2017 by the Ministry of Production (Ministerio de la Producción, PRODUCE) and Massachusetts Institute of Technology found that Peru allocated 0.2% of GDP to innovation, which equates to one-tenth of the amount Chile invested. Comparatively, Colombia invested around 0.8% of GDP to innovation, Argentina 0.6% and Mexico 0.5...
In 2017 Peru’s ICT sector represented 2.6% of GDP, according to industry consulting firm Ovum. Political instability and an unfavourable regulatory environment are the main factors affecting the country’s competitiveness in terms of ICT adoption, according to the World Economic Forum (WEF). Furthermore, there is plenty of room for improvement...
Since the market entry of new operators in 2014, competition, investment and consumption have risen, boosting the dynamism of the telecommunications sector. These positive trends continued into 2017 as the regulatory framework was strengthened, with a particular focus on driving competition, reducing costs and protecting the interests of consumers. In 2017 Peru’s ICT sector represented 2.6% of...
With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.
Smart cities form an essential component in the government’s broader vision of transforming Thailand into a high-income, knowledge-based economy. The ultimate aim is to create 100 smart cities across all 77 provinces by 2040, with an initial focus on three pilot cities in Phuket, Chiang Mai and Khon Kaen. The initiative is being supported by...
In line with its ambitions to become a leading centre of high-value technology development and manufacturing in South-east Asia, Thailand is positioning itself at the forefront of global moves to adopt 5G. The new technology is expected to increase download speeds by up to 10 Gbps over 4G.
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