Report: COVID-19 has accelerated technological revolution in Latin America, Caribbean

WASHINGTON, DC, United States (CMC) — A new report by the World Bank has found that Latin America and the Caribbean is in the midst of a “Fourth Industrial Revolution” of technological innovation which requires enhancing the productivity of the services sector, investing in human capital and rethinking labour regulations and social protection policies.

The Washington-based financial institution said that these policy priorities have become all the more urgent now that the coronavirus (COVID-19) pandemic is fuelling the biggest contraction in economic activity since the great depression.

It said digitisation has become more important to support economic activity at a […]

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