Panama pushes technology leadership by expanding Internet use and transforming the capital into a Latin America logistics hub

Panama seeks to remain Latin America's technology leader by expanding Internet use and drawing in companies to transform the capital into a logistics hub.

The Central American nation replaced Uruguay as having the highest technology level in the region, fueled by a surge of Internet users and computer sales, according to the sixth annual Latin Technology Index from Latin Business Chronicle.

Internet penetration in Panama was up 43 percent and personal computer sales jumped 21 percent, the data show. The index uses 2010 technology data from the International Telecommunications Union, Computer Industry Almanac and the Santiago Chamber of Commerce and population data from the International Monetary Fund and the Population Reference Bureau.

Original source: Latin Business Chronicle