Using technology to improve social inclusion has become an important element in promoting economic development, especially in Colombia’s rural areas. A key element of this strategy has been the expansion of internet access. The number of internet connections in Colombia rose from 3.3m in the first quarter of 2010 to 10.7m in the same period of...
What infrastructure is required to facilitate and incentivise entrepreneurship in Colombia, and what role can incubators play in this regard?
In a bid to strengthen its competitiveness in international markets, Colombia is aiming to increase spending on research and innovation activities. Although this has been a stated priority of successive governments, expenditure levels for research and innovation are still well below other countries in the region. To change this, authorities...
Following the macroeconomic expansion of the past decade, Colombia’s telecommunications industry has experienced significant growth. The weight of the sector nearly doubled from 1.6% of GDP in 1994 to 3.14% in 2014, according to the Mobile Industry Association of Colombia, while annual revenues reached $7.99bn in 2014 and are expected to jump to $8.6bn by 2018. An increase in regulatory...
The 2015 Global Innovation Index ranked Colombia 67th out of 141 countries for its innovation potential, below Chile (42nd), Costa Rica (51st) and Mexico (57th), but ahead of Brazil (70th) and Peru (71st). In a bid to strengthen its competitiveness in international markets, the Colombian government plans to double expenditure on science, technology and innovation (STI) from 0.5% of GDP in 2015...
Despite continuing external headwinds, in particular the significant drop in the price of oil since mid-2014, the Colombian economy remained resilient in 2015, expanding by 3.1%.
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