The Caribbean’s reliance on oceans, often the biggest avenue of transportation and the main source of local employment, presents a clear economic opportunity, particularly for the private sector.
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When IDB Invest launched in 2016, we saw success as doing more business in the Caribbean. To achieve this big goal, we first needed to focus on the small victories.
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The 4th Industrial Revolution brings endless opportunities for the Caribbean. To exploit these opportunities, the private sector can partner with governments to deploy successful initiatives to prepare the current and future workforce for the emerging technologies.
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New technologies and big data are increasing the demand for skills, including digital skills and high-level cognitive skills. Caribbean private sector can influence the types of skills it needs from its workforce and play an active role in increasing productivity and competitiveness in the region - and globally.
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