As they transform business and work, digital technologies have highlighted, and can deepen, economic and social fault lines across advanced and developing economies. How can the policy agendas in democratic societies harness technology to promote inclusive economic growth? In what ways can democracies use technological changes to build inclusive prosperity and bolster regional efforts to compete in global markets? And what can democracies do to facilitate the development of digital infrastructures that are developed by democratic countries and governed in line with liberal values?
The world is experiencing a fast-moving, Fourth Industrial Revolution, driven by digital innovation in the use of data, information, and technology. How can the U.S. along with a range of public and private partners, seize the opportunity to reduce the digital divide between nations and people in a way that benefits inclusive economic advancement and effective government in low- and middle-income countries, while also advancing the economic and strategic interests of the United States and its partner countries?
George Ingram outlines how the U.S. could bridge the digital divide between nations and people in a way that also advances its economic and strategic interests.
Disruptive Innovation and the Fourth Industrial Revolution
The Fourth Industrial Revolution — a broad range of innovations and disruptions reshaping the global economy — has major implications for productivity, sustainability, poverty, governance, and security. What are the drivers, challenges, and implications of the Fourth Industrial Revolution for Africa? How can this revolution accelerate growth, industrial innovation, and inclusive development on the continent?
Landry Signé and Stephen Almond outline how regulatory reform offices can take a more innovation-enabling approach to regulation across government.
Acha Leke, Landry Signé, and Vera Songwe offer strategies for Africa’s policymakers to approach the COVID-19 pandemic as an opportunity for a “great reset” of their economies.
Emerging technology is having a powerful impact on the security and stability of African states. Yet the digital revolution’s ultimate legacy will be determined not by technology, but by how it is …
Technology and Inequality
Advances in digital technologies hold great potential to boost human prosperity and welfare. But as digital technologies transform business processes and the nature of work, dynamics across product and labor markets are shifting in ways that can increase income inequality. What is the relationship between technological change and inequality? What factors are causing digital technologies to push inequality higher within economies? What do these technologies imply for inequality and economic convergence between economies? How will the next phase of digital transformation, led by AI and related new innovations, affect distributional dynamics? How can public policy promote more inclusive economic growth and development amid transformative technological change?
Zia Qureshi examines the promise and challenge of digital technologies for productivity growth and inequality.