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Press Release: Developing Countries Could Lose Out as Automation Competes With Low-Cost Labour
The COVID-19 pandemic will accelerate the rise of industrial automation and enable manufacturers in developed countries to compete with low-cost labour in the developing world; multinational corporations are already considering repatriating some manufacturing production as a result of the unprecedented disruption the pandemic has caused to global value chains; developing countries must respond by developing local industrial capabilities with new technologies and skills that will allow them to become more integrated into world trade.
- Categories
- Coronavirus, Technology
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Viewpoint: Financial Inclusion Will Be Vital in a Post-Pandemic World
The world will never be the same as Covid-19 has created a springboard for the fourth industrial revolution
- Categories
- Coronavirus, Education, Finance
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Leapfrogging is overrated, says a Harvard development professor
Juma points out that no advanced economy got where it is today by cutting corners and sidestepping (that is, leapfrogging) industrialization.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Africa’s Future Lies in Entrepreneurship, Industrialization
The 2017 African Economic Outlook report, released during the African Development Bank (AfDB) annual meetings, in Ahmadabad, India, predicts an uptick of growth in 2017, after a tough 2016 and Africans should push for accelerated development by harnessing local resources to boost entrepreneurship and drive its industrialization.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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