Summary of Advancing Human-Centred Economic Progress in the Fourth Industrial Revolution

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Recommendation

Technology is ushering in change at a rapid pace. But with technological advances comes a danger that income inequality will widen unless governments act to make productivity gains accrue to all levels of society. Policy experts Richard Samans and Nicholas Davis present a big-picture agenda for how everyone can participate in and gain from the Fourth Industrial Revolution. getAbstract recommends this astute report to government and private-sector leaders looking to harness a changing digital landscape while avoiding human fallout.

About the Authors

Richard Samans and Nicholas Davis are policy experts at the World Economic Forum. 

 

Summary

Worldwide, many people are enjoying unprecedented levels of prosperity and safety in the early 21st century, thanks in large part to the inception of the Fourth Industrial Revolution – a time of major upheaval “in which emerging technologies are changing how value is created, exchanged and distributed across economic and social systems.” But contrary to expectations, the middle classes of developed nations are struggling with rising income inequality and are expressing less trust in government, the media and business. Both advanced as well as developing countries are placing restrictions on citizen activism and other civil liberties. Societal and political fracturing is on the upswing. Leaders need to embrace a new model for economic growth that supports the participation and well-being of all people.

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