Detailed Information on Publication Record

The purpose of this article is to compare the level of digitization and technical development of LA countries and Europe based on the correlation coefficient between CISCO and HDI countries from these regions. The descriptive statistics summary of used variables, along with the correlation coefficients, measured on both regions separately to compare them together have been calculated. The countries’ selection in each of the regions fulfilled the criteria of values presence simultaneously in the Cisco Digital Readiness Index of 2019 and the Human Development Index of 2019, as the most recent time horizon of calculated indicator. The hypothesis tests have been tested whether the regression parameters were significant, and the p-values were analysed, indicating the smallest level of significance for the null hypothesis (non-significant parameters) to be rejected. The results were analysed according to the countries that are part of each region and their level of development to justify them. The results show that the variables have been correlated and that Europe has demonstrated higher average values for both indexes compared to the Latin America. The main results have been commented accordingly to the levels of development of the member countries of both regions, together with the consequences of digitalization.