The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…
“It’s not possible to create a better future for work without creating a better future for production. These are two sides of the same coin,” José Manuel Salazar-Xirinachs, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), sustained this Thursday, June 1, 2023 at the inauguration of the ECLAC-ifo-PILLARS Workshop: Labor Market Effects of Automation and Technology Adoption in the Global Economy, which is being held in Santiago, Chile using a hybrid format (in-person and virtual).
“In order to create decent jobs, it is indispensable that we focus on a pr…
Artificial Intelligence offers extraordinary opportunities for accelerating human progress across a range of fields from healthcare and education, to combating climate change and disasters. However, if left unregulated, AI could exacerbate inequalities, undermine human rights and threaten peace.…