Digital tech investment, critical to workforce in least-developed nations

(United Nations News) Structural weaknesses in the world’s Least Developed Countries (LDCs) have made them more vulnerable to shocks such as the COVID-19 pandemic, climate change and the current food and energy crises, and the situation could worsen if they do not fully participate in global recovery efforts. 

That’s according to the report Present and future of work in the Least Developed Countries, published on Friday by the International Labour Organization (ILO). 

The report provides an overview of progress and challenges these nations face in terms of structural transformation, a just transition to greener economies, and creation of full and productive employment. 

“Multiple shocks have put Least Developed Countries under enormous pressure,” said Guy Ryder, the ILO Director-General.  

“However, with the right employment and macroeconomic policy measures, new jobs can be created in both existing and new sectors, along with enhanced productivity and innovation driven by investments in green and digital economic opportunities.” 

The report examines how digital technologies can deliver huge benefits to LDCs, provided investments are made in capital, skills and knowledge, to support inclusive, decent work. 

Read more at: United Nations

Source: CARICOM TODAY