Evaluation of the Digitalization Development level in the Latin-American Economy

Chavarry Galvez Diana Pamela,Chavarry Galvez Wilmer Paul

doi:10.1051/shsconf/202111401015

Chavarry Galvez Diana Pamela, Chavarry Galvez Wilmer Paul

Open Access

https://doi.org/10.1051/shsconf/202111401015

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Abstract

Latin American and the Caribbean (LAC) countries have experienced an economic slowdown in the last five years, to accelerate economic growth, LAC countries need to find new instruments to transform the economy. digitalization in all sectors of the economy gives a boost to the country’s economic growth. Digital tools also promote access to better services, such as education, government management and the foreign trade sector. The article analyzes the current state of the digitalization of the economy in LAC. To determine the digitalization of the economy, only indicators found in official sources were included.

Highlights

Digital transformation has become an important global trend that creates challenges and opportunities and that, if accompanied by effective policies, can help overcome development challenges in Latin American and the Caribbean (LAC) countries
LAC governments cannot find a way out of the crisis that has been occurring in recent years, the LAC region has a history of facing developmental challenges: due to digital inequality, environmental degradation, the erosion of democracy, and financial debt, which have caused deep discontent among the people of the region, and this dissatisfaction has been intensified by the crises derived from the COVID-19 Pandemic [2]
One of the main factors that allow the development of the digital economy is the population's access to the Internet, it must be the high speed of the Internet, that is, the development of the ICT infrastructure

Summary

Introduction

Digital transformation has become an important global trend that creates challenges and opportunities and that, if accompanied by effective policies, can help overcome development challenges in LAC countries. The great challenge and challenge of the LAC countries, in the context of falling prices of raw materials, minerals, one of the most important levers to stimulate economic growth is productivity growth, for this to increase, the digital ecosystem must grow. The digital divide between companies and the government can create serious problems for the future development of this area

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Conclusion