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.
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.
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.
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.