The impact of robots and industry 4.0 in Latin America

New technology presents opportunities in terms of productivity, but also has potential drawbacks in terms of the profile of jobs and available employment. A new publication explores the impact of robots and industry 4.0 in Latin America.

“Robotlution. The Future of Work in Latin American Integration 4.0,” analyzes the automation of work and its impact on the region’s production matrix and export model. It brings together 40 experts from around the world to analyze the future of work in Latin America in the light of automation. Through research articles, interviews and case studies, they respond to the main questions that the so-called ‘fourth industrial revolution’ is posing in the region:

How will exponential automation impact Latin America’s international role and the diversification of its production system?

  • Will ‘robotization’ destroy jobs or will it create new, more sustainable ones?
  • What skills will people need in the future and how can we rethink education for the coming generations?
  • Can technological change play a part in reducing inequality in Latin America?
  • How can the multilateral negotiation agenda be made compatible with the latest technology?
  • What hopes and fears does the future of work conjure up among Latin Americans?

Gustavo Beliz, director of the Institute for the Integration of Latin America and the Caribbean (INTAL) at the Integration and Trade Sector at the Inter-American Development Bank (IDB), the producers of the publication, stressed the need for a new ‘sociotechnological contract’ that will enable the region to make the most of the opportunities that new technologies are opening up.

The manager of the IDB’s Integration and Trade sector, Antoni Estevadeordal, emphasized the importance of bringing trade negotiations in line with new technological demands in order to promote a diversification of production in Latin America.

The main findings of the publication are:
Fine-tuning metrics: there is a need for new metrics for monitoring the impact of innovation on employment. Differences in current estimates of the share of jobs that robots will replace range from 5 percent to 47 percent, depending on the method used. Impact assessment studies also need to consider the indirect creation of new jobs: each technological job generates 4.9 other jobs as part of a spillover effect.

To read entire article and download report, please click here.

Source: The Next Silicon ValleyGAI