Automation threatens 69% of jobs in India, 77% in China, according to a World Bank research which says that technology could fundamentally disrupt the pattern of traditional economic paths in developing countries.
“As we continue to encourage more investment in infrastructure to promote growth, we also have to think about the kinds of infrastructure that countries will need in the economy of the future. We all know that technology has and will continue to fundamentally reshape the world,” World Bank President Jim Yong Kim said.
“But the traditional economic path from increasing productivity of agriculture to light manufacturing and then to full-scale industrialisation may not be possible for all developing countries,” Kim said in response to a question at the Brookings Institute during a discussion on extreme poverty yesterday.
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