Giving Compass’ Take:
• Brookings discusses recent reports about technology and the future of work, emphasizing that there is opportunity for inclusive growth across the globe, especially in boosting the informal labor market.
• This perspective is valuable, since much of the consternation about tech and work centers around fears for job losses due to inadequate training. How can we focus efforts in the areas where inclusivity can thrive?
Two publications on the future of work crossed my desk recently. One was the 2019 World Development Report (WDR), “The Changing Nature of Work“; the other a report by the Pathways for Prosperity Commission, “Charting Pathways for Inclusive Growth.” That they crossed my desk is not accidental: As Acting Chief Economist of the World Bank, I provide guidance on the World Development Report, and I am a member of the Pathways Commission.
Both reports paint an optimistic picture of the impact of technology on developing countries, in stark contrast to some of the gloom and doom being forecast in developed countries. The reasons for their optimism are different in the two reports, as are their policy implications. But these differences are complementary rather than contradictory. Taken together, they provide a robust platform for harnessing the power of technology for inclusive growth.
Read the full article about the future of inclusive growth by Shanta Devarajan at Brookings.
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