October 10, 2002—When the eighth Annual Bank Conference on Development in Latin America and the Caribbean (ABCD-LAC 8) opens today in Madrid, policy makers, leaders in academia, and development professionals from around the globe will discuss how to close gaps in productivity, skills and technology in the region. These gaps threaten the region’s long-term development prospects, says Guillermo Perry, the Bank’s Chief Economist for LAC. "Latin America suffers from significant deficits in both skills and technology, and hence from low rates in productivity growth," Perry said. "These gaps are now more significant than financing gaps." The conference, co-hosted by the Banco de Espa
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