The level of partnership online among these groups has been unprecedented as the world collectively tries to address global challenges.
The same kind of cooperation that is driving impact on the ground is also driving awareness and advocacy more broadly as the world rises to these challenges. Below are just a few examples of how collaboration online has strengthened and amplified the global effort to end poverty in 2018 across three key themes.
Do you often wonder what kind of job you will have when you grow up? Do you think your school is preparing you for the work you may do in the future? What will classrooms and teachers of the future be like? Do you think there are better ways to learn? Do you have inspired and imaginative ideas to re-invent education? Are you between the ages of 16 and 19 and currently enrolled in high school or a secondary education institution?
If this sounds like you, then enter our blog writing contest!We want young people with brilliant ideas and solutions, who will be most affected by the changing nature of jobs and skills to share their perspective on what could help better prepare them for the future.
Without investing in their people, countries cannot sustain economic growth, they will not have a skilled workforce ready for the jobs of tomorrow and they will not be able to participate effectively in the global economy.
That is why the World Bank Group is joining forces to increase investments in human capital - in the knowledge, skills and health that people accumulate throughout their lives.
During the two-day event, 400 students and young professionals from 117 countries will present innovative ideas to contribute to shrinking the human capital gap and foster the skills and well-being of individuals and will participate in sessions and workshops with experts from the World Bank Group, IBM, Intel, the United Nations and Stanford, among many others.
But every year, in countries across the world, too many dreams are cut short: more than 5 million mothers and children die from preventable causes.
In this age of rapidly advancing technology, where there is a growing demand for complex cognitive skills and problem-solving, this crisis should be a wake-up call.
Last week, more than 11,000 delegates from the World Bank Group’s member countries –public and private sector attendees--gathered at our Annual Meetings in Indonesia this month to discuss how we can accelerate progress toward our twin goals: to end extreme poverty by 2030 and boost shared prosperity among the poorest 40 percent around the world.
Disruptive technologies create opportunities for development but they also put those goals at risk. Our discussion this past week focused on the changing the nature of work – the topic of our World Development Report this year. While technology and automation are doing away with some jobs, innovation is also creating new occupations, and launching career fields that didn’t exist a few years ago. Those who are prepared for this future will have many opportunities to achieve their aspirations. Those who are not will be left behind.
Our starting point is to deal with what we know – and the biggest challenge that the future of work faces – and has faced for decades – is the vast numbers of people who live day to day on casual labor, not knowing from one week to the next if they will have a job and unable to plan ahead, let alone months rather than years, for their children’s prosperity. We call this the informal economy – and as with so much pseudo-technical language which erects barriers, the phrase fails to convey the abject state of purgatory to which it condemns millions of workers and their families around the world.
Do you wonder if the good fortune and opportunities that you’ve enjoyed in your professional life will be available to your children, and to their children? At a time of strong global economic growth, it may seem paradoxical that we face an existential crisis around the future of work. But the pace of innovation is accelerating, and the jobs of the future – in a few months or a few years – will require specific, complex skills.
In short, the changing nature of work – and how best to prepare people for the jobs of the future – are some of the toughest challenges countries face, which is why they’re the subject of this year’s World Development Report.
Because the future of work matters to all of us, we decided to give this report an unprecedented level of transparency. For the first time since the World Bank began publishing the WDR in 1978, the report is completely transparent throughout the writing process. Every Friday afternoon, the latest draft is uploaded to the World Bank website, so that anyone with internet access has an opportunity to read it and engage with the team of authors. I can’t promise that the WDR won’t have changed a week from now, which is why I encourage you to keep revisiting it as we keep revising it.
For new readers, here are a few insights into the report’s contents that I hope will get you thinking about the future of work:
At the Spring Meetings of the World Bank and IMF Board of Governors, civil society get to engage directly with the World Bank’s Executive Directors (EDs). This year, I was honored to co-chair the CSO-ED Roundtable with Mr. Herve de Villeroche, Co-Dean of the World Bank Board and Executive Director for France.
I came to the Spring Meetings in my role as Chief Government Officer for Teach For All, a global network of 48 independent civil society organizations developing collective leadership to ensure all children can fulfill their potential. As moderator, I represented my CSO peers and noted during my opening remarks the “crucial partnership and dialogue needed between CSOs and the communities they represent at the highest level of leadership in our shared ecosystem.”
- maximizing finance for development
- Human Capital Project
- Human Capital
- Spring Meetings 2018
- spring meetings
- Private Sector Development
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change
- Agriculture and Rural Development
- The World Region
While some studies predict automation to eliminate jobs at a dizzying rate, disruptive technologies can also create new lines of work. Our working draft of the forthcoming 2019 World Development Report, The Changing Nature of Work, notes that in the past century robots have created more jobs than they have displaced. The capacity of technology to exponentially change how we live, work, and organize leaves us at the World Bank Group constantly asking: How can we adapt the skills and knowledge of today to match the jobs of tomorrow?
One answer is to harness the data revolution to support new pathways to development. Some 2.5 quintillion bytes of data are generated every day from cell phones, sensors, online platforms, and other sources. When data is used to help individuals adapt to the technology-led economy, it can make a huge contribution toward ending extreme poverty and inequality. Technology companies, however well intended, cannot do this alone.