Industrialization in Latin America and the Caribbean: Challenges and opportunities
The LAC countries’ ability to capitalize on opportunities will depend on their policy responses based on reliable data
The LAC countries’ ability to capitalize on opportunities will depend on their policy responses based on reliable data
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
Differences between data sources make it challenging to identify the leaders and laggards in the adoption of industrial robots.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.