Economic/ Global Trends

How to Promote the Fourth Industrial Revolution in Latin America

World Economic Forum
March 21, 2023
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Digital and infrastructure gaps provide challenges for the adoption of Industry 4.0 in Latin America. Greater emphasis on investment and understanding is needed to speed up I4.0 adoption.

The implications of building societies based on information and knowledge are not fully known to most people. Put simply, it is difficult to achieve comprehensive or holistic visions around technological advances.

Latin America is no exception. Although the region accesses and uses digital tools, there is no strategic vision for their use. At present, while the countries of the Global North such as Germany, Norway or Spain design national guidelines to take advantage of the wave of the Fourth Industrial Revolution (or Industry 4.0), Latin America continues to depend on the sale of raw materials to maintain their economies without adding value or expanding their knowledge.

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World Economic Forum
World Economic Forum

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