The Converging Technology Revolution and Human Capital: Potential implications for South Asia
01 Sep 2021
World Bank Group
South Asia has been heavily impacted by the COVID-19 pandemic and the converging technology revolution sweeping the globe.
This report looks at how the region could capitalize on digital technologies to accelerate its development of human capital and promote adaptability and resilience to future shocks. The convergence of technological breakthroughs spanning biotechnology, nanotechnology, information technology and cognitive science is driven by artificial intelligence, data flows, computing power and connectivity. These breakthroughs can improve service delivery, productivity and innovation, but they can also exacerbate inequalities and eliminate individuals’ agency and empowerment. This report analyzes these trends in the region, offering a comprehensive agenda to exploit the opportunities offered by converging technologies while minimizing the risks to vulnerable populations. It proposes strategies for building public sector capacity and promoting data and technology governance frameworks in a rapidly evolving technology landscape.
Report authored by: Sajitha Bashir, Carl J. Dahlman, Naoto Kanehira and Klaus Tilmes
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