This potential is multiplied by technologies such as artificial intelligence, robotics, big data processing, the internet of things, autonomous vehicles, 3-D printing, blockchain, etc.
This so called 4th industrial revolution can help accelerate progress towards the Sustainable Development Goals (SDGs). Indeed, Science, Technology and Innovation, together with Financing for Development, were identified by the UN as one of the two main “means of implementation” to achieve the SDGs by 2030 as it cuts across all SDGs as highlighted by International Telecommunication Union’s Fast Forward Progress Report – Leveraging Tech to Achieve the SDGs.
Imagine you were working in development and poverty reduction in the early 1990s (I was!). Only one website existed in all the world in August 1991 (today there are over 1.5 billion). Mobile phones were expensive, rare, and clunky. Very few would anticipate a situation in which India would have more mobile phones than toilets.
To paraphrase Bill Gates: we tend to overestimate the changes that will happen in the short term and underestimate those in the long term.
With more than 1.1 billion individuals without official proof of identity, a myriad of technologies is advancing at a faster speed than ever before and becoming more affordable, making it possible for nations to leapfrog paper based approaches of the past. Yet, it is becoming a challenge to understand and keep up with the various technologies and advancements that are especially relevant for digital identification systems. Identification for Development (ID4D) launches a new Technology Landscape report providing an overview of current and emerging technology trends in digital identity.
. Technology choices can also enable identification systems to lead to tangible benefits across a range of areas, such as financial inclusion, health services, and social protection for the poorest and most vulnerable. This #ID4D Technology Landscape report reminds us that additional factors and risk mitigating measures need to be considered when choosing certain #digitalidentity technology. These include the need for proper privacy and data protection, open standards and vendor neutrality, that match with cultural contexts, economic feasibility and infrastructure constraints.
. The sector is an engine of job creation: , while the share of jobs across the food system is potentially much larger. In Ethiopia, Malawi, Mozambique, Tanzania, Uganda, and Zambia, the food system is projected to add more jobs than the rest of the economy between 2010 and 2025.
. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at or near full capacity. We anticipate growth in advanced economies to moderate slightly, but growth in emerging markets and developing countries should strengthen to 4.5% this year.
When we talk about the future of work, it is important to include perspectives, ideas and solutions from young people as they are the driving force that can shape the future. As we saw at the recent Youth Summit 2017, the younger, digitally-savvy generations —whether they are called Millennials, Gen Y, or Gen Z— shared solutions that helped tackle global challenges. The two-day event welcomed young people to discuss how to leverage technology and innovation for development impact. In this post, we interviewed —under a job-creation perspective—finalists of the summit's global competition.
- private sectors
- Social Entrepreneurship
- Youth Summit
- Agriculture and Rural Development
- Labor and Social Protection
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change
- Latin America & Caribbean
- South Asia
- East Asia and Pacific
- South Africa
Automation is heralding a renewed race between education and technology. However, the ability of workers to compete with automation is handicapped by the poor performance of education systems in most developing countries. This will prevent many from benefiting from the high returns to schooling.
Schooling quality is low
The quality of schooling is not keeping pace, essentially serving a break on the potential of “human capital” (the skills, knowledge, and innovation that people accumulate). As countries continue to struggle to equip students with basic cognitive skills- the core skills the brain uses to think, read, learn, remember, and reason- new demands are being placed.
Economic research is essential for designing and implementing evidence-based solutions to improve job opportunities. In a recent conference organized by the World Bank and IZA, researchers from around the world presented over 30 research papers on important labor topics such as migration, gender, youth employment, and labor policies in low-income countries. Here is an illustrative sample of four innovative works presented during the conference.
While historically confined to medical and academic research, challenge funds – competitive financing for innovative solutions to entrenched problems – have gained traction in the international development field over the last decade.
Pioneered by the UK Department of International Development (DFID), challenge funds have championed transformational disruptive technologies, such as M-Pesa, Kenya’s mobile money transfer service. The electronic payment system, which allows users to withdraw, deposit and transfer cash through their mobile phones, started as a pilot project funded by DFID’s Financial Deepening Challenge Fund. Today, more than two thirds of Kenyans use the channel, and the innovation has changed the scope of financial inclusion programs globally.