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The digital revolution has disrupted how companies behave, their environment, and their consumption patterns, while changing the job and wage structure in the sectors in which they operate. On its own, this revolution has entailed a major upheaval with no end in sight, which is why it is better to learn to manage it than deny it or pump the brakes. Latin American countries use new technologies to different extents, but do not produce them. The result is negative fallout for jobs and employment, a burgeoning informal sector, and higher job income in advanced countries and in the emerging Asian economies that do make these technologies. [ABSTRACT FROM AUTHOR]

The new commercial globalization changed the map of the global industry. Today's world is different from yesterday. North does not dominate South in the same way. In the South there are large heterogeneities between developing countries, the emerging Asian and Latin American countries, etc. Some countries in the South have come to impose their own rules. However, not all emerging economies in the South have the same capacity prevail, as Latin America. Some Asian countries benefit temporarily from high growth, but experience a process of deindustrialization that weakens them. Some theories and analytical tools have become outdated or inaccurate, such as the center-periphery approach. Countries that yesterday belonged to the periphery have acquired characteristics of the old center and even exercise control over developed countries. [ABSTRACT FROM AUTHOR]