Contributing 15.7% to the regional GDP, the manufacturing sector is a fundamental driver for the economies of Latin America and the Caribbean countries. New technologies are radically changing the way of production and becoming critical factors for the sector's competitiveness and resilience in the current market context.
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.
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.
Latin America and the Caribbean is in prime position to step in and alleviate global food shortages as climate change looms as a global threat, particularly if the region leverages digital solutions, a new report developed by IDB Invest in collaboration with Accenture shows.
Governance remains a challenge for most startups in the region, according to a study conducted in partnership with IDB Invest and six other organizations. A majority of startups think their governance is top notch, but the reality is very different.