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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

February 28, 2024

How Fast Is Latin America Moving on Digitalization?

Digitalization is a key part of Latin American countries’ economic advancement and inclusion efforts, a top World Bank official said last month. // File Photo: Unsplash.com.

Q

  • Increased digitalization in Latin America “is key for enhancing economies and improving inclusion in the region,” Carlos Felipe Jaramillo, the World Bank’s vice president for Latin America and the Caribbean, said in an interview the institution posted in January. But now, the challenge for countries in the region is how to “build on this momentum to create incentives for further digitization in ways that speed economic diversification and growth,” Jaramillo added. Which countries are already achieving economic growth through digitalization? What types of initiatives have seen the most success in this area? What headwinds are governments and private companies encountering in providing services and conducting commerce online?

A

Eleonora Rabinovich, head of government affairs and public policy for Spanish speaking Latin America at Google: “Latin America is at a critical technological crossroads as it strives to adopt disruptive technologies, such as AI, in a responsible and meaningful way. Collaboration among stakeholders will be essential to promote the large-scale adoption of these technologies, as no single economic actor can achieve these goals alone. At Google, we share this goal and have taken a bold and responsible approach to AI, managing advantages and risks while we develop our own products. Latin American countries are at different stages of adopting policies and promoting initiatives to harness the benefits of AI for economic development. CENIA’s Latin American Artificial Intelligence Index provides a comprehensive overview of the region’s progress and its challenges in…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
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Donna Hrinak
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Jon E. Huenemann
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GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
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Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
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Andrés Rozental
President, Rozental &
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Shelly Shetty
Managing Director,
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