Latin America and the Caribbean Economic Review, October 2023 - Wired

Informe Económico América Latina y el Caribe, Octubre 2023 - Conectados

Andres Zambrano, Guillermo Beylis, William Maloney and Guillermo Vuletin

No 40386, World Bank Publications - Reports from The World Bank Group

Abstract: Latin America and the Caribbean continues to face adverse global headwinds: high interest rates, modest G-7 growth, soft commodity prices and uncertain prospects in China will all depress growth. Well-grounded policy responses have led to largely recovering employment and income losses from the pandemic and falling rates of inflation. However, the region faces the mutually reinforcing triple challenges of low growth, limited fiscal space, and citizen dissatisfaction. Expanding digital connectivity offers a possibility to make progress on all three fronts. To maximize the social benefits of connectivity as well as to ensure that it does not exacerbate spatial, educational, gender or racial inequalities, three challenges are important to address: first, expanding coverage to the remaining unconnected areas as well as improving the quality of service; second, increasing the productive use of existing infrastructure, and; third, as with any other infrastructure "hardware," investments in "software" - such as digital and traditional skills, managerial capabilities, supportive regulatory frameworks, and deeper financial markets are critical.

Keywords: Governance-E-Government; Macroeconomics; and; Economic; Growth-Economic; Growth (search for similar items in EconPapers)
Date: 2023
Note: ISBN 978-1-4648-2038-0 (electronic)
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