Economy and Technology

There is no doubt that technology has been slowly taking over the world. As times progress and technology becomes more advance, most places have no choice but to jump on the bandwagon. In the past, Latin America wasn't progressing as fast as other regions (Technology Trends, 2011). However, the use of mobile payments has become extremely popular within Colombia and Ecuador (Trending Mobile Payments, 2017). With the fastest growing rate of mobile internet penetration in the world, Latin America is expected to become a global hub for innovation and technology (CSIS, 2017).

Brazil’s diverse economy easily makes it an ideal spot for equity investors. Its generally high interest rates and transparent monetary policy (which deals with the growth of money supply like banks and large corporation) make it a favorite among carry-traders (borrow money at low interest rate to invest in an asset for return on investment) and fixed income investors worldwide (Rapoza, 2017).