2. The SDGs present a major opportunity for
transformation
Global development agendas serve as a guide for countries to determine their national development path
MDGs (2000-2015) SDGs (2016-2030)
Goals/ Targets/Indicators 8/21/60 17/169/~230
Priority Areas Human Development Holistic: Economic, Social, Environmental
Scope Developing Countries Universal
2
3. Global Megatrends and Challenges
Fragility and violence
Shifts in the global economy
Climate and resources
Commodity cycles
Urbanization
Source:WorldBank ForwardLook, September2017
Demographic transitions
Renewed political debate about globalization
Technological disruptions
3
4. Disruption and exponential
technology present a unique
opportunity for development
Situation
Tech is converging in new ways
to change how we live, work
and organize
This makes them incredibly
disruptive, while their ability to
scale makes them exponential
Opportunity
As a global community we have
unique opportunity to harness
the disruptive power for
development
To make this transition
countries will need to make
informed choices on their
technology-enabled
development path, mitigate
risksof disruption, and lessen
adverse impacts of the poor
4
5. Source: Adapted from World Economic Forum, 2017
Technology Reaches People Faster
0
10
20
30
40
50
60
70
80
Telephone
(1878)
Mobile
(1979)
Internet
(1990)
Facebook
(2004)
Whatsapp
(2009)
Instagram
(2010)
1878
1979
1990
2004
2009
2010
Number of years to reach 100 million users
5
6. The development paths of emerging economies are being
disrupted by a complex set of global forces and technology-
drive meta trends that create both new solutions and
challenges/risks
6
13. Governance in the Digital Age
What impact digital technologies and trends are having — or should have —
on governance? This includes the concepts of:
• digital government;
• open government; and
• government’s role in addressing how technology is (or isn’t) transforming citizens’
lives.
Basically, it’s how governments draw on the insight of citizens, how they
think about and procure technology and how the trends and technologies
of the digital era change public institutions and policymaking.
13
14. EU Privacy Laws Take Effect in May 2018
• Under EU Privacy Law, companies could face massive fines in 25 European Union countries if they
mishandle citizens' personal information
• New age restrictions will mean no more Facebook or other social media for European pre-teens
• Fines can increase from a few tens of thousand euros to up to 4 percent of a company’s worldwide
revenue for breaches of privacy rules
• The new General Data Protection Regulation (GDPR) also enshrines and extends the "right to be
forgotten" created by a ruling of the Court of Justice of the EU in 2014
Source: IDG News Service 14
18. The 2030 Agenda and the
Sustainable Development Goals:
An Opportunity for Transformation
18
19. 19
There are two main means of implementation for the SDG
Mobilizing the necessary financial resources
aka Financing for Development - public,
private, international and domestic
Science, Technology and Innovation (STI)
23. The practice of sustainable
development
INVEST IN PEOPLE INVEST IN INCLUSIVE GROWTH INVEST IN
RESILIENCE
•Fragility & Conflict
•Climate and
weather shocks
•Pandemics
Sources: World Bank Group, 2017
•Early childhood
development
•Gender equality
•Skills for jobs
•Equal
opportunities
•Infrastructure
•Roads
•Energy
•Sustainable
•Greening growth
•Water
management
•Private sector
•Job creation
Achieve the twin goals of ending extreme poverty and boosting shared
prosperity
23
24. The Changing Wealth of Nations
The importance of human capital is a key message from the Bank's recent The Changing Wealth of
Nations report, which includes human capital for the first time in national wealth accounting. The
report shows that human capital is the largest component of global wealth. It accounts for an
estimated 70 percent of wealth in rich countries, but only 41 percent in poorer ones.
24
25. 25
The Human Capital Project
“The education system is not working. What happens if you're stunted to begin with and
your educational system is not providing you what you need to compete in the digital
economy of the future”
Three main indicators, reflecting building blocks of the human capital:
1. Survival – Will kids born today survive to school age?
2. School – How much school will they complete and how much will they learn?
3. Health – Will kids leave school in good health and be ready for further learning
and/or work?
26. “ The Best Way to Predict the Future is to Create it”
Alan Kay, Computer Scientist
Today is the slowest day of innovation we will
experience for the rest of our lifetimes.”
Rob Nail, Singularity
26
Trend Today
Ubiquitous connectivity has spurred the rise of scaled platforms that connect individuals, institutions and enterprises both big and small, in completely new ways amplifying their reach and impact
Platforms do not own the means of production, but rather the means of connection creating economic and social value by enabling users to share or offer knowledge, labor, or digital and physical assets over an online network
These platforms facilitate interoperability, creating markets and connection points where they did not exist before due to economic and social failures
Increasingly, they are shaping communities along the lines of common belief systems or shared economic needs rather than traditional nation-states
As platforms scale, they are gaining tremendous influence both through the collection of data and their tendency towards winner-take-all economics, raising questions about platform and data ownership, and global regulation
Trend in 2030
Developments in sophisticated analytics and a growing digital footprint will allow platforms to create a detailed understanding of the individual; this will enable platforms to serve as trusted advisors and curators that tailor content and services to users to help them navigate the exponentially larger number of offerings or exert greater authoritarian control and exacerbate inequality
Curated content will map to our beliefs and preferences creating micro-cultures and potentially reducing the relevance of the state as individuals align around these new belief- and culture-driven tribes which are self-reinforced by the echo chamber of ideas, shifting urbanization patterns and widening social polarization. Or these echo chambers could be entirely orchestrated by the state to ensure control, while provoking violence and fragility
Fragmentation could also extend to the technology underpinning platforms themselves as blockchain protocols connect parties directly without an intermediary, thus further democratizing access to markets and networks of people
Trend Today
Technology is enabling a massive shift in the accessibility of healthcare, agriculture, and energy
No-frills care models (e.g., clinicians in a box) are providing affordable access to care for the most basic healthcare services which were cost prohibitive, while providing some relief to overburdened health systems
The cost of renewable energy generation is now cheaper than many conventional sources; increased investment in distributed generation using off-grid technology and mini-grids are extending electrification
New technology is also leading to improvements in desalination and wastewater recycling, improving access to clean drinking water for millions
Advances in genetic engineering is creating new super foods (e.g., crops resistant to disease or drought)
Trend in 2030
Technology further enables exponential change:
Pricing models shift as digitization gives way to new funding mechanisms and cost structures (e.g., usage pricing, subscriptions etc.) further enabling access, while also driving down the cost of assets over time
Delivery models change; healthcare will shift from the treatment of disease to wellness and prevention enabled by big data and advances in technology to augment mass-care ensuring foundational access (e.g., AR/VR, medical bio-engineering)
Access to clean water will continue to be augmented by technological innovation and access to cheaper energy to support advanced water recycling and filtration
New sources of food could emerge as the impact of climate change and other resource scarcities introduces the need for technological innovation (e.g., plant based meats) blending both the physical and digital world
Trend Today
The very nature of how we learn and adapt to change as individuals and organizations is being fundamentally altered by the accessibility and connectivity of platforms and mobile, automation and the rise of “gigs” instead of careers, and the digitization of education
The path of obtaining a formal classroom-style education in order to achieve long-term, industry-specific employment has given way to modular learning and Massive Open Online Courses (MOOCs) like Khan Academy that enable anyone from anywhere to nimbly upskill right from their mobile phones
At an organizational level, established players are facing increasingly steep competition from new market entrants who can more adeptly adjust to and see opportunity in technologies such as gamification and AR/VR
Organizations formed in recent decades struggle to overcome their own bureaucratic inertia as they work to remake themselves as flexible and agile
Trend in 2030
The very nature of how we learn and adapt to change as individuals and organizations is being fundamentally altered by the accessibility and connectivity of platforms and mobile, automation and the rise of “gigs” instead of careers, and the digitization of education
The path of obtaining a formal classroom-style education in order to achieve long-term, industry-specific employment has given way to modular learning and Massive Open Online Courses (MOOCs) like Khan Academy that enable anyone from anywhere to nimbly upskill right from their mobile phones
At an organizational level, established players are facing increasingly steep competition from new market entrants who can more adeptly adjust to and see opportunity in technologies such as gamification and AR/VR
Organizations formed in recent decades struggle to overcome their own bureaucratic inertia as they work to remake themselves as flexible and agile
Trend Today
Labor markets are experiencing significant disruption as manual and highly repetitive tasks are increasingly displaced and automated by machines
Algorithms powered by artificial intelligence (AI), deep learning, and big data are beginning to replicate the human capacity for voice and image recognition and will soon overtake us in areas such as natural language processing
Computers can perform these tasks with a level of speed and accuracy well beyond current human ability (e.g., claims processing, screen scraping, filling out forms, etc.)
Further advances in AI, robotics, deep learning, and additive manufacturing (e.g., 3D printing) are poised to disrupt value chains at scale, furthering automation in both the knowledge and manufacturing sectors
New and different jobs continue to emerge following this technological evolution like bot supervisors, robot programmers and technicians
Trend in 2030
Additive manufacturing, coupled with advances in AI, will cause economic shocks as it re-shapes supply chains, enabling a focus on localization and reshoring as goods are produced closer to the point of consumption
Improved computer vision, deep learning, AI, and a growing quantity of big data enable machines to become more deeply integrated into the knowledge economy; jobs that were considered safe from automation (e.g., auditing) will increasingly be performed by computers, despite their complex nature
An “augmented labor” force will emerge that blends the capabilities of both human and machine leveraging each other’s strengths to improve productivity
Humans will need to re-skill and upskill frequently as we may be forced to evolve 10-15 times in a lifetime due to technological evolution, leading to widespread workforce volatility and changing urbanization patterns
Not all jobs will be automated; jobs rooted in human ability, interpersonal skills, and compassion like elder care will still performed by humans
Trend Today
Increased digitization and new platform and digital business models exert considerable pressure on government and its value proposition:
Government Services: citizens’ expectations are reflected by their experience as customers, creating additional pressure for governments
Markets and Regulation: new monopoly actors are shifting the balance of power away from government and are resistant to regulation (e.g., Uber)
Society: citizens are empowered by information, leading to the formation of micro-communities that are creating their own power structures, sidelining many of the levers government would traditionally use (e.g., information)
These new technologies and business models combined are exerting considerable pressure on government and creating great uncertainty about its role moving forward
Trend in 2030
Increased digitization and new platform and digital business models exert considerable pressure on government and its value proposition:
Government Services: citizens’ expectations are reflected by their experience as customers, creating additional pressure for governments
Markets and Regulation: new monopoly actors are shifting the balance of power away from government and are resistant to regulation (e.g., Uber)
Society: citizens are empowered by information, leading to the formation of micro-communities that are creating their own power structures, sidelining many of the levers government would traditionally use (e.g., information)
These new technologies and business models combined are exerting considerable pressure on government and creating great uncertainty about its role moving forward
Development Keeps Pace
Robust Tech-Enabled Technology
Objective:
The Human Capital Project is designed to help countries improve their education, health and social protection systems to raise the next generation of well-equipped and healthy people.
Methodology:
To meet this objective the WBG has been developing an international metric to capture the indicators of human capital. The metric will eventually be accompanied by a ranking of countries. The ranking is meant to spur more demand for countries to invest in human capital.