In Latin America, there is a very sharp divide between the political class and civil society regarding innovation. While the latter embraces innovation and wishes to become a Society 3.0, the former is still analogical and sees innovation under a cloak of suspicion.

5G wireless will drive economic growth for decades to come, but the U.S. needs a comprehensive strategy to ensure a robust deployment and adoption of secure networks. A national strategy for 5G that invests in research, supports standards bodies, accelerates deployment, and facilitates the transition to virtualized equipment should be a priority.

Economic history gives us many examples of instances when financial innovations, rapid growth in credit supply and increased reliance on short-term financing have led to financial instability and crises. Therefore, at a time of rapid changes in the financial sector, it is important that regulators pay close attention to what is happening and take appropriate action.

While digital finance innovation has the potential to provide businesses and consumers with lower costs and a greater range of financial services, it has raised questions regarding the risks it poses to consumers, individual financial institutions, the financial system and the economy at large – and how Canadian financial regulators should respond to those risks.