The rapid growth of telecommunications in Latin America and the Caribbean presents both an opportunity and a challenge for a sector capable of significantly contributing to GDP growth and enhancing productivity. However, the sector is constantly evolving, with persistent gaps in access.
High-capacity data connections may be the oil of the 21st century: a potential source of great wealth for countries that best exploit this resource. A great example of this potential is Paraguay, a landlocked country equidistant from the large economies of South America.
By prioritizing ethics and sustainable development, providing technical assistance, and coordinating responses to potential risks, multilateral development banks can help ensure that artificial general intelligence is developed and used in a way that benefits everyone and minimizes potential harms.
The digital transformation of the manufacturing sector in Latin America and the Caribbean is key to more sustainable economic development and higher productivity and inclusion in the global economy. A study conducted by IDB Invest with 35 local companies helps us understand where we are and where we want to go.
High-speed 5G Internet connections will help more remote work and information access, reducing emissions from cars and planes, and facilitate self-driving vehicles, leading to fewer accidents and shorter commutes, as well as the widespread adoption of smart buildings with less energy use.
The blockchain brings great benefits for capital markets, as it allows to share a complete and immutable dataset of information creating a more transparent, cheaper, more liquid and easier to monitor market-place for participants to transact and price securities.