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Latin America is as such seeking to decrease its interregional dependence and develop more relationships with the better developed economies of the globe. It nevertheless remains sensitive to the international economic crisis and the debt crisis in the Euro-zone (Inter-American Development Bank, 2011).
As it has been previously mentioned, the Latin American countries are characterized by specific traits, which make it difficult to conduct integrated analyses. The same can be said about Mexico, where different traits are also observed. Based on these traits, Tecnologico de Menterrey has developed four specific models for regional development. The models, created based on strong theoretical background and adapted to the Mexican realities, refer to the following:
Model 1: Technology Parks for the high value employment to employ high numbers of non-research and non-scientific staffs, but specialized staffs for high-value activities
Model 2: Technology Parks for the attraction and development of business. These entities will appeal to technology companies looking to launch operations in the region as they will provide consultancy, technology management, networking and accessed to research and development, yet no direct R&D activities.
Model 3: Technology parks for companies with scientific activities, which are similar to the parks in the second model, but better equipped for sophisticated companies, such as biotechnology or nanotechnology firms.
Model 4: Regional technology parks with several sponsors, which provide support for technology operations in high spaces and with large numbers of employees...
Nonetheless, Mexico is not a recognized hub of technology and will have to address this issue first. In other words, it will have to better train its labor to make it more specialized in the technological field; this would also include investments in the educational sector to better form the future labor force.
In a nutshell, Mexico and the general Latin America are developing at notable rates and they seek to decrease their inter-regional dependency. They heavily rely on exports to attain economic growth, yet they remain sensitive to the international status of the economy. At the level of regional growth models, the applicability of these is defined by the specific traits of each region.
References:
(2011). Latin American registers strong export growth in 2011. Inter-American Development Bank. http://www.iadb.org/en/news/news-releases/2011-12-19/latin-american-export-growth-reaches-26-in-2011,9787.html accessed on October 1, 2012
(2011). Models of technology parks. Tecnologico de Monterrey. http://www.itesm.edu/wps/wcm/connect/ITESM/Tecnologico+de+Monterrey/English/Entrepreneurship/Technology+Parks+Network/Models+of+Technology+Parks / accessed on October 1, 2012
(2012). The world factbook -- Mexico. Central Intelligence Agency. https://www.cia.gov/library/publications/the-world-factbook/geos/mx.html accessed on October 1, 2012
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