Bogotá Losing Competitiveness in IT Industry
Due to the recent lack of investment in the IT sector, Bogotá is no longer as competitive as other cities in Latin America. Colombia's ICT minister, Diego Molano, said that the city has dropped from 5th place to 9th in competitiveness among Colombian cities alone, and this lack of competitiveness has caused the Bogotá's internet penetration rate to drop to 12.78%. Colombia as a whole demonstrates a weakness in internet penetration. To compare, internet penetration is 63.5% in Buenos Aires, Argentina, 48% in Santiago, Chile, and 29% in Lima, Peru. Molano calls for increased IT investment, which will in turn increase competitiveness, create jobs, and reduce poverty.
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