Aristotle speculated that tools could end human labor if they could be made to work on their own. Centuries later, Keynes warned about the potential job losses from technological advancements. Neither of them, however, could have predicted the potentially massive impact of Artificial Intelligence (AI). Natural language processing and generative models like Open AI’s ChatGPT … [Read more...] about Taking the Pulse of Employment in the New World of AI
What Happens to Small Firms When Big Banks Go Digital?
In Latin America and the Caribbean, a region historically marked by financial exclusion, a rapid shift to digital banking in the last decade has created new opportunities for credit provision to underserved populations. But the transformation, accompanied by a reduction in traditional banking infrastructure, such as physical branches, is not without its risks and … [Read more...] about What Happens to Small Firms When Big Banks Go Digital?
Behavioral Interventions to Boost Telemedicine
Medical care is a challenge in Argentina, which stretches across nearly 2.8 million square kilometers (1.08 million square miles) of Andean mountains, pampas, steppe and desert. So it's no surprise that the country was one of the first adopters in Latin America of telemedicine. Twenty-six percent of the hospitals nationwide offered telemedicine services to their patients in … [Read more...] about Behavioral Interventions to Boost Telemedicine
What the Shifting Landscape in Global Value Chains Means for Latin America and the Caribbean
In recent years, the global landscape of trade and investment has undergone significant transformations. As economies worldwide grapple with crises and geopolitical tensions, companies and governments are rethinking their strategies regarding production and supply chains. For Latin America and the Caribbean, this could mark a potential turning point if it were to take advantage … [Read more...] about What the Shifting Landscape in Global Value Chains Means for Latin America and the Caribbean
From Empowerment to Inequality: The Tradeoffs of Community-Based Targeting
Local leaders know a lot about the people in their communities, including their level of wealth and need. That can often allow them to distribute resources, like anti-poverty funds, more effectively than far away bureaucracies. But where community members must decide on the basis of multiple, difficult-to-verify criteria, things get murky. How should loans, for example, be … [Read more...] about From Empowerment to Inequality: The Tradeoffs of Community-Based Targeting