The economic letdown for Latin America, after a decade of feasting, is more apparent now that the two big assets of the region, Venezuelan oil and Brazilian soybeans have fallen off. The core reasons for this are the ideas that the only way to compete is growing items rather than making them.
The acroymn STEM, which covers science, technology, engineering and math are areas that lack the allure of a doctor or lawyer, yet are the answers to the future. After all Latin Americans are well immursed here in the United States, yet that has not fostered a visionary person to take their home countries in a new direction.
Asia, in particular Korea, showed what exporting local innovation could do for an ailing economy. In Brazil, the Embraer plant is a high-tech industry. It is basically creating from its minds the technology that will bring Latin America back into the ballgame.
Brazil, in particular reflects the feeling of a hemisphere when they desire to break away from counting on the mother hen, the United States. The Start-ups are the beginning. They are fueled by the minds of the 20 somethings that will start to develop the products that may lead the industries they currently are far behind in into the black.
So, the future is now, if the need can be grasped. The success of economies are based on technology created from the mind as opposed to products dug from the ground.