Digitalization of Manufacturing Development in Latin America and the Caribbean

Fernando Santiago, Clovis Freire and Alejandro Lavopa

Chapter Chapter 16 in Digital and Sustainable Transformations in a Post-COVID World, 2023, pp 415-449 from Springer

Abstract: Abstract Rapid trends toward the digitalization of global manufacturing activities are expected to guide the future of industrialization. How well-prepared are countries in the Latin America and Caribbean region to exploit the opportunities and address the challenges arising from these trends? This chapter combines macro- and micro-level data to carry out a cross-country comparative assessment of the engagement of selected Latin American countries with the Fourth Industrial Revolution, the type of engagement, and the factors that influence this engagement. The findings suggest that several factors play a role in the ability of countries in the region to gain from the digitalization of manufacturing. These factors include countries’ economic structure, their technological capabilities, and their level of industrialization. Also of relevance are the availability of skilled labor, digital infrastructure, and the adoption of proactive policies to promote innovation and the digitalization of domestic manufacturing firms.

Keywords: Digitalization; Manufacturing development; Latin America and the Caribbean; Industrial policy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-16677-8_16

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DOI: 10.1007/978-3-031-16677-8_16

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