Latin America Needs an Open, Prosperous Digital Single Market – Robert D. Atkinson, President, ITIF

One reason China and the United States have had considerable success in the digital economy is that their large internal markets allow domestic firms using digital technologies to achieve needed economies of scale. A year or two after founding, a Chinese or American digital firm is likely to have vastly more customers than a similarly situated European or Latin American startup. Recognizing this, the European Union has worked to harmonize its laws and regulations to create a more integrated digital market. Over the next year, Pacific Alliance partners Chile, Colombia, Mexico, and Peru are uniquely placed to lead regional efforts to build a Latin American digital single market—a common set of rules for digital trade that would facilitate commerce among […]