The Inter-American Development Bank (IDB) released data on GDP per capita growth in Latin America and the Caribbean in the period 2014-2024, highlighting that it was almost zero.

According to the representative of the Inter-American Development Bank (IDB) Group in Peru, Tomás Lopes-Teixeira, in his presentation on October 10 for the Economic Commission for Latin America and the Caribbean (ECLAC), the region is affected by deep political polarization and lacks effective economic development policies.

However, the official mentioned a “general challenge and a historic opportunity that the region has to grow, despite its economic complexity and productive diversity.”

This challenge has to do with early investments in technology, indicating the relevance of having “entrepreneurial talent as a central axis of development, as well as informality, which represents a difficulty for SMEs to incorporate technology into their processes.”

According to Lopes-Teixeira, it is crucial to give the proper place to technological advances in the region today and to establish the technologies that will be used.

M.Pino

Source: finanzasdigital

(Reference image source: Alexander Mils in Unsplash)

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