Booming Urbanization to Hasten Latin America's Resurgence as a 'Next-generation Continent'
Booming Urbanization to Hasten Latin America's Resurgence as a 'Next-generation Continent'
- Having survived years of economic turbulence, Latin America is gradually shaking off its dependence on external forces like global commodity and oil prices. The stabilization of commodity markets has coincided with a rise in consumerism in Latin America, along with accelerated growth of economies such as Peru and Chile. In the next decade, the continent will witness a huge growth in digital inclusion, urbanization, middle and affluent classes and cities will have significant contribution to the economic pie. Additionally, declining dependency ratio, advancement of renewable energy capacity and high adoption of disruptive business models like sharing models will restore Latin America's status as a "next-generation continent."
- Having survived years of economic turbulence, Latin America is gradually shaking off its dependence on external forces like global commodity and oil prices. The stabilization of commodity markets has coincided with a rise in consumerism in Latin America, along with accelerated growth of economies such as Peru and Chile. In the next decade, the continent will witness a huge growth in digital inclusion, urbanization, middle and affluent classes and cities will have significant contribution to the economic pie. Additionally, declining dependency ratio, advancement of renewable energy capacity and high adoption of disruptive business models like sharing models will restore Latin America's status as a "next-generation continent."