Assessments

Why Chile Is Chasing Tech Over Copper

Aug 3, 2018 | 09:30 GMT
An electric substation in Santiago, Chile.

An electric substation in Santiago, Chile. Its power infrastructure will pose a formidable obstacle to Chile's push to attract technology investments.

(JOSE LUIS STEPHENS/Shutterstock)

Copper is big business in Chile, which exports more of the metal than any other country in the world. The commodity's importance to Chile is unlikely to change anytime soon, but if Santiago has its way, something else will soon help propel the nation forward: technology. Chile's dependence on the mining sector, especially copper, has convinced the government to push forward with plans to transform the country into a tech hub in South America. And although two issues -- education and electricity -- stand in the way of Chile's tech dreams, even they are unlikely to obstruct the country's plans for long....

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.