Latin America and the Caribbean suffers from low productivity. The slow growth in productivity per worker in the region has weakened its economies and made countries unable to satisfy the burgeoning needs and demands of their citizens. The Covid-19 pandemic has only highlighted this chronic problem, revealing a significant technological gap between the region and the advanced … [Read more...] about Fostering Innovation and Entrepreneurship in Latin America and the Caribbean
Suppose you are a government facing various social crises. Traditionally, you might send out teams of government researchers, create government-led commissions, and hire consultancies. You might host public hearings. But you wouldn't bring your problems to the internet "crowd." Over the last 10-15 years, however, governments and non-governmental organizations in both the … [Read more...] about How Can Crowdsourcing Help Latin America in the Digital Age?
Boosting skills is essential for entering the ranks of the richest nations. Better education and skills, most economists agree, generate the innovation and productivity that lift countries from middle-income to high-income levels such as those enjoyed by the United States and the wealthiest nations in Europe and Asia. Indeed, along with rule of law and well-functioning markets, … [Read more...] about What Do Voters Want: Help or Skills?
As the global economy gains strength and Latin America and the Caribbean recovers from recession, the region is actually falling further behind, continuing to lose its share in global GDP and putting in jeopardy the aspirations of its growing middle class The reasons behind this are complex. But low investment and productivity are fundamental factors. They require significant … [Read more...] about Latin America Needs Greater Investment and Productivity. This Is Why
Innovation is a driver of productivity and economic growth. Unfortunately, research and development expenditures to develop and adapt innovations in Latin America are very low, especially by its private sector. Rich in natural, human, and productive resources, the region’s potential is enormous, however. This calls for governments to create conditions that boost not only … [Read more...] about Designing Creative Policies to Generate Knowledge Spillover in R+D