The panelists wholeheartedly agreed that the information revolution is in the region's grasp. The Internet rides on over ten years of a very deep modernization of both the telecommunications infrastructure and the economies of the region, as a whole. It was argued that Internet technology is possibly the most powerful means of empowering the individual, on the consumer side.
Analysts assume that Latin America is the fastest growing Internet market in the world.
Due to leapfrogging, wireless technologies are growing faster than regular Internet services. Thus, within five to ten years there may be universal access to the Internet. Proof of this may be indicated by the 99 percent penetration of television in Brazil, with low price points causing deep penetration, even into the most marginalized sectors of the society. All of this growth greatly accelerates the process of modernization. The incentives for fast-moving companies is now there, with increasing availability to venture capital, which serves as the primary engine.