10 things you - and your government - should know about competitiveness in the Fourth Industrial Rev
#Green4IR: 10 things you - and your government - should know about competitiveness in the Fourth Industrial Revolution http://ht.ly/Qqhz30mjCwo Business and state need to work together on these for a successful future
Even as globalization has led to unprecedented gains for many from the movement of goods, services, people and ideas, there are those who have lost out – economically, politically or culturally. This has in part contributed to the rise of polarized political debate and populist, nationalist and, at times, extremist agendas, both in the West and in emerging markets. Against this context of citizens’ concerns about jobs, inequality and globalization, policymakers are looking for new pathways to prosperity.
We now know more about those pathways –and their nuances. Exactly ten years ago, global headlines were dominated by the financial crisis. What followed was an erosion of trust in elites and institutions, but also new lessons about which economies bounced back, which ones struggled and why. More recently, as the Fourth Industrial Revolution has unfolded, it has brought fresh opportunities but also new questions about how economies can best integrate technologies for a faster path to broad-based prosperity. Additionally, growing job polarization across advanced economies as well as a decline in labour’s share of income in industrialized economies over the last decades has led to a call for more dynamic education systems and labour market policies. It has also become clear that the manufacturing-led development model that lifted millions out of poverty, most recently in Asia, is unlikely to be viable – or possibly even desirable – in the future. A wide range of new technology-intensive, high-skilled occupations are expected to be in demand in the future, along with new growth broadly across sectors such as education, health, care, green energy and more, calling for a new approach to “industrial policy” in the digital age.