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...
Blockchain – the distributed ledger technology that underlies cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way of business is conducted across the global economy.
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.
How do you perceive the development of integrated on-demand services, and what has influenced this change in market strategy?
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