Technological change raises the stakes for action to leave no one behind

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By Achim Steiner, UNDP Administrator


To read more about this topic, check out the upcoming release
of the
Development Co-operation Report 2018: Joining Forces to Leave No One Behind on 11 December 2018


growth-technology-people.jpgThe 2030 Agenda presents a historic opportunity to set the world on track to a sustainable future. In twelve years’ time, a litmus test for its success will be: have we made good on the promise to ‘leave no one behind’? The answer will depend, in some measure, on our responses to the fourth industrial revolution.

The speed and ubiquity of technological change offers unparalleled opportunities for sustainable development, but it also comes with the risk of rising inequalities within and between countries. It is up to policy makers to leverage this transformation for good, and to mitigate their risks.

Artificial intelligence can improve the quality and reach of health care with half of the world’s population still not having access to essential health services. Digital technologies can boost agricultural productivity. Satellite imagery can help combat deforestation. Big data analytics can identify needs and help track progress in real time. Drones can deliver essential supplies. And digital finance can enable new models to deliver basic services. Continue reading

How to Build Inclusive Digital Economies

By Atul Mehta, Director, IFC, Telecom, Media & Technology, Fintech, Venture Capital & Funds; Ceyla Pazarbasioglu, Senior Director, World Bank Group, Finance, Competitiveness and Innovation Global Practice; and Jose Luis Irigoyen, Senior Director, World Bank, Transport and Digital Development Global Practice

 

digital-economyIf we wish to create a future built on shared prosperity, digital technology will be critical.

Today, of the world’s 10 largest companies by market capitalisation, six are technology companies. And of those, only two were in the top 10 just five years ago — which gives you a sense of how quickly the global economy is being disrupted.

In fact, as technology innovation accelerates, it may be the best path to inclusive growth. Extending Internet access in developing countries to levels seen in developed countries could enhance productivity by as much as 25%, according to Deloitte. The resulting economic activity could generate USD 2.2 trillion in additional GDP and more than 140 million new jobs.

At the World Bank Group, we have been putting quite a lot of thought into understanding what it takes to create a successful and inclusive digital economy, in light of our mission to end extreme poverty and boost shared prosperity. Technology can be a force for good — by promoting economic inclusion, efficiency, and innovation. But it can also cause upheaval — by displacing jobs or imperiling the security of personal and government data, and even critical infrastructure. And it can widen the digital divide — increasing the gap between those who benefit from technology and those who are excluded and risk falling further behind. That’s why technology’s risks and opportunities must be carefully managed.
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The Global Goals’ Business Opportunity in Africa

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By Lord Mark Malloch-Brown, Chair, Business & Sustainable Development Commission, former UNDP Administrator and Ex-UN Deputy Secretary-General, and UK Minister of State for Africa, Asia and the United Nations


Learn more about this timely topic at the upcoming
Global Forum on Development on 5 April 2017.
Register today to attend!


Lord-Mark-Malloch-BrownA critical transition from a heavy reliance on international public development finance to locally generated private sector solutions to development problems is underway. Earlier this year, the Business & Sustainable Development Commission launched its flagship report, Better Business, Better World, which makes the case for why the Sustainable Development Goals (SDGs) offer the private sector a growth strategy that opens new market value and helps solve significant social and environmental challenges at the same time. The Commission shows how sustainable business models could unlock economic opportunities across 60 “hot spots” worth up to USD 12 trillion and increase employment by up to 380 million jobs by 2030. In Africa alone, sustainable business models could open up an economic prize of at least USD 1.1 trillion and create over 85 million new jobs by 2030.
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