The neoliberal networking drive in Latin America

According to the ITU, privatization and competition were the two critical factors for the growth of the telecommunications industry. Until 2005, in Latin America 18 of the most important countries in the region had privatized or liberalized their telecommunications industries. Now the Latin American telecommunications market is dominated by two groups: the Spanish Telefonica and Mexico's Telmex. Obviously, the neoliberal networking drive has missed in Latin America the universalization goal of telecommunications. This gives not only Bolivia and Venezuela occasion to reconsider their previous universalization policies.