Word: braziller
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...highlighted by Wednesday's announcement of an executive order by President Clinton that Washington would refrain from enforcing U.S. patents on AIDS drugs in African countries battling the disease. That would leave those countries free to license or develop far cheaper generic versions of the patented drugs - already in Brazil, for example, a generic version of AZT sells for about 10 percent of the patented drug's price on the U.S. market - which pharmaceutical corporations fear could eventually eat into their global market share...
...company, is building a $2 billion fiber-optic network that will encircle and crisscross South America, connecting with existing superfast cable lines to Europe, the U.S. and Asia by 2001. The lines will improve connectivity in the region tenfold. Starting this May the Americas II cable system will connect Brazil, the Caribbean and South America's northeast corner to the U.S. A region-wide $1.5 billion Telefonica system will be operational...
...couple of important ways, Mamani is unusual. As a Peruvian, he is outside the main markets of Mexico, Argentina, Chile and Brazil, which together account for more than 75% of Latin American Web users (Brazil alone has 55% of them). And while the money he makes is enough to support his wife and three children, it does not place him anywhere near what Latin American marketers call "Class A or Class B"--the wealthy or at least upper middle class that makes up the bulk of online traffic...
...include the middle class and some of those below, whether governments help or not. "The poor will have access," says Roberto Wilson, partner at the Rio-based private-equity firm CVC/Opportunity Equity Partners, because "the working poor consume." Many entrepreneurs and analysts point to the example of television in Brazil, where, despite extreme poverty, more than 80% of households own a set. "This is not a rich country, but things really penetrate," says Alvaro de Castro, director of business development at Web incubator Visualcom and author of two books on e-commerce in Brazil. "In every favela there are satellite...
Latin America's 4% household penetration of personal computers seems less relevant every day. This year, for example, TV set-top boxes that, for $100 to $200 each, can turn a television set into a computer screen are due to appear in Brazil. Wireless broadband expansion will turn Brazil's ubiquitous cell phones into tiny screens. "Latin Americans have been early and avid adopters of technology," says Antonio Bonchristiano, CEO of the e-commerce company Submarino.com "The key to growth is the cost of a Web device...