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IE Business School and FOMIN release first edition of Latin American Collaborative Economy Survey

Brazil, Mexico and Argentina are leaders in Latin America’s sharing economy. Entrepreneurs in the region say that lack of awareness among the population (60%), coupled with problems accessing finance (43%) and mistrust among consumers (42%) are the biggest challenges involved in developing such initiatives.

These are the main conclusions of the first edition of the Latin American Collaborative Economy Survey, produced by IE BUSINESS SCHOOL and FOMIN (MIF), the Multilateral Investment Fund, a member of the Inter-American Development Bank (IDB), and presented today in Madrid’s Casa de América. The survey was carried out with the collaboration of more than 100 Latin American initiatives in the sector.

At a time when major projects such as Uber, BlablaCar or Airbnb have already entered the region’s main markets, or are about to do so, hundreds of entrepreneurs are developing projects like co-working spaces or car-sharing.

Brazil has the largest number of collaborative economy projects in the region, followed by Mexico and Argentina. “There are opportunities for the local development of these kinds of initiatives at this time, although many are still embryonic. We need a favorable ecosystem, starting with help from government, and including society,” says Ricardo Pérez, professor of  Digital Innovation at IE BUSINESS SCHOOL and author of the report.

“The collaborative economy has the potential to generate a large number of benefits for the region by reducing environmental footprints, promoting access to new services and products and facilitating a more equitable distribution of wealth. At the same time, the collaborative economy encourages positive values in society to do with exchange and working together,” notes Brigit Helms, the general manager of FOMIN.

The full report can be downloaded here: http://informeeconomiacolaborativalatam.ie.edu/informe-economia-colaborativa.pdf