Felipe Montoro Jens on Latin America’s Industrial Revolution 4.0
As Latin America prepares for the onset of the fourth industrial revolution, the coming convergence of the physical, digital, and biological sciences, Felipe Montoro Jens reports the continent has some groundwork to lay. The Spanish-speaking countries, like Argentina, and Portuguese-speaking Brazil, must leverage their geography and resources to lay the groundwork in basic infrastructure, like roads, sanitation, and clean water, that will pave the wave for the advanced infrastructure to come.
The industrial revolution 4.0 will be built on advanced machinery like AI and nanotechnology, but the connectivity needed between South America’s countries is not where it should be. Felipe Montoro Jens, who specializes in public-private infrastructure projects, notes that private-sector involvement, with strong government regulation, is the most efficient way to finance and complete these projects. Montoro Jens was on hand at the recent meeting of the Governors of the Inter-American Development Bank (IDB), in Argentina. The Minister of Planning, Development, and Management, Dyogo Oliveira, even encouraged more outreach to the private-sector. Read more at exame.com.
Oliveira noted the success Brazil has found with its PPP projects (public-private partnerships), a concept that Felipe Montoro Jens has helped encourage across Brazil. PPP projects across Latin America and the Caribbean are currently valued at more than $360 billion, but the Ministry of Planning for the IDB cautions that, despite the more than 1000 PPP projects under taken in last ten years, they struggle to secure adequate funding from the private sector.
IDB President, Luis Alberto Moreno, encouraged the group to utilize future infrastructure in building a solid economic foundation for the region’s people, and to bring the countries all closer together, connected by shared roads, power grids, and technology. Moreno believes the region will not grow in line with its potential without these investments. Felipe Montoro Jens also reports that Moreno is spearheading an upgrade in IDB’s mission and operating policies that takes into account the gender equality so lacking in much of Latin America, and a culture that includes environmentally sustainable foresight.
Felipe Montoro Jens, leveraging his skills and background in PPP development, will certainly be keeping an eye out to guide Latin American in preparing for the coming 4th of wave of industry that is just now breaking on the shores of the region.