Digital transformation of Latin America and the Chinese factor in shaping trends

Abstract

The digital transformation of countries in the Latin American region is essential to the ability of states to provide society, entrepreneurship and governmental activities at the current technological level. The emerging market for digital services and technologies is attractive to Chinese companies that today already hold leading positions in supplying digital services and products to the region, as well as in implementing investment projects in this area. The article identifies the factors constraining the digitalization of LAC, among which are disproportions in the level of technological development, lack of own financial resources, as well as insufficient provision of human resources. Based on the results of structural and comparative analysis of measures of state regulation of digital processes in a number of countries, it is found that the most comprehensive system of moderation of digitalization is implemented in Brazil. Accordingly, the key laws of Brazil are described and promising directions of regulation of digital processes are indicated. Examples of successful realization of the experience of China-Latin America cooperation in the aspect of construction of digital infrastructure, e-commerce, projects on creation of digital products are highlighted.