Currently, countries are willing to affect their closed economy to exchange valuable information. In fact, inhabitants are known to allocate more than 20% of their income in travels or activities to improve their knowledge. However, this situation can impact the proper development of countries and, above all, the pride and patriotism from citizens.
From my point of view, the current situation has positive results, owing to two main reasons. The first is the fact that the connection between countries creates the availability of products anywhere, which promotes competition of companies and, therefore, the decrease of their price. For instance, in Peru, people from other country has to pay high fees for their domestic products; however, in recent years, the price of imports has a significant decrease
The second reason is that in the world there are different cultures and traditions from countries, which have created gaps and disagreements. Unless the issues of learning about other citizens, the better relationship between countries can persuade people of a sense of community. In fact, recent reports from the World Bank show that the knowledge about cultures from Europe and Asia, which are different, that the nationality of respondents has increased in Latam.
To recap, I presented arguments to provide evidence that the current connection of the world has a positive impact in Latin American Countries; nevertheless, it is important that the public and private sector from each country constantly supervise the development of the measure in the development of the well-being of their citizens.