Private Security Scope in LATAM
The use of private security services is growing as the population does in the countries that comprise Latin America.
“An estimated 2.4 million private security officers are employed by more than 16,000 firms in latin america.”
The growth of the private security industry in the nations of Latin America is set to expand for the following reason. With the changing field of technology in electronic surveillance, it becomes cheaper and more cost-effective for private rather than public solutions to security issues.
It offers a large and growing opportunity for the private security industry as a whole. There is new research that shows that
“ effective institutions may lessen violent responses”,
which would assist the united states in meeting social needs without a costly governmental response. Given the ability for American security companies to meet the gap professionally, with advanced training internally, a use of new technology and practices would allow for social trust to be built. It has been shown that
“social trust shapes how a citizen thinks about territorial disputes, and influences public opinion favored by the public.”
For private security companies, there is a large opportunity if the bar of professional, non-biased, security management can be a new growth norm for American communities facing these growth factors in non-state actors’ attempts at violence and disruption of civil society. In short for the private security company willing to go above and beyond in training, equipment, technology, and use of force practices the potential for financial growth is huge.
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Sources
“Keeping armed actors out-the protective effect of shares in Afghanistan”
Jori Breslawske Nov 2019- “Unregulated private security firms fuel Latin America violence”
Parker Asmann Mar 2018 Inter-American Dialogue “Social trust and public opinion about territorial disputes-evidence from a survey in India”
Florian Justwan and Sarah Fisher
