Cayman Islands placed third in mobile teledensity in Latin America/Caribbean

The Cayman Islands placed third in mobile teledensity in Latin America/Caribbean

The United Nations’ commissioned ‘Information Economy Report 2011’ placed the Cayman Islands third in mobile teledensity within the Latin America and Caribbean region, reveals experts in land investments in the Cayman Islands Crown World (http://www.crownworld.com). The survey, details of which were initially announced at the end of last year, identifies the penetration of Information and Communication Technologies (ICTs) per 100 people. Placing third in such a large region is evidence of the Cayman Islands’ technological advancements driven by its progressive government.

The Cayman Islands’ mobile cellular telephone subscription for 2010 placed third in the Latin America and Caribbean region with a score of 154.4 according to the ‘Information Economy Report 2011’ report, placing after Panama and Antigua &  Barbuda (the twin-island nation) which scored 184.72 each. The Cayman Islands’ neighbour Jamaica scored 113 while the poorest scoring country in the region was Cuba with a penetration of just 8.91. The Cayman Islands also ranked highly when it came to internet usage, taking second position with a penetration of 66 per cent (to Antigua &  Barbuda’s first position of 80 per cent).

Mobile teledensity and internet usage figures are essential when attempting to ascertain a country’s technological advancement (one of the many factors of consideration in the location of land investments) but they also reveal more than that, as the report stated. A country’s ability to harness ICTs in the private and public sector can also have a significant impact on its private sector development (PSD). According to the report, “Governments and their development partners should take a holistic and comprehensive approach to leveraging ICTs in PSD, although a review of PSD strategies indicates that this is often not the practice...On its own, new technology will have limited effects on PSD. However, when they are fully integrated into policies and processes, ICTs can reduce business costs, promote transparent, rules-based systems, and improve communication between the public and private sector...Governments need to work with the private sector to create an investment climate and a business environment that encourage the use of ICTs within private firms as well as in government. The potential of ICTs can then be realised, through adequate infrastructure and skills, and a commitment by governments to making markets work effectively.”

If you’re looking to invest in the Islands, Crown World offers Cayman land for sale which represents some of the most exciting investment opportunities available. Find out more at (http://www.crownworld.com).