Open figure viewer
Significance
As AI systems become increasingly central to the global economy, this poor performance risks further damaging the economic prospects of a region that has long struggled to achieve sustainable growth rates.
Impacts
Falling behind in the digital and AI ‘revolutions’ will likely hamper LAC’s development efforts for decades.
LAC governments will increasingly draft AI strategies -- of varying levels of quality and effectiveness.
The inscrutability of many AI-generated decisions may slow technology adoption, especially in the public sector.
Some businesses and public agencies will jump at this opportunity, but the extent of informal labour in particular will limit its scope.
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
You do not currently have access to this content.
