Development and Disruptive Technology - World...
Transcript of Development and Disruptive Technology - World...
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Development and Disruptive Technology
Mahmoud MohieldinSenior Vice President
World Bank GroupFebruary 14th, 2018
@wbg2030
worldbank.org/sdgs0
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The 4th industrial Revolution.
Source: Adapted from World Economic Forum, 2017
Technology Reaches People Faster
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Telephone(1878)
Mobile(1979)
Internet(1990)
Facebook(2004)
Whatsapp(2009)
Instagram(2010)
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1990
2004
2009
2010
Number of years to reach 100 million users
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Disruptive Technology – opportunities and threats for humanity
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Data is the new oil
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Capitalism without Capital
Haskel, Jonathan, and Stian Westlake. “The Rise of the Intangible Economy.” Capitalism
without Capital: the Rise of the Intangible Economy, Princeton University Press, 2018.
Capitalism without Capital
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Digital solutions are transforming the delivery of products and services
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Energy Solutions
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Health Solutions
Financial Inclusion Solutions
Source: Suri, T. “The Long-Run Poverty and Gender Impacts of Mobile Money” Science 2016; McKinsey; Central Bank of Kenya; World Bank17
Digitization is Disrupting Every Part of Financial
Services
Source: World Bank Group, 2017 18
Exponential changes in IT
are disrupting industries
and creating new opportunitiesWhy Blockchain ?
Drones
Artificial
Intelligence
Blockchain &
Distributed Ledger
Technologies
Big Data
&
Analytics
Internet
of Things
Platform
Revolution
Applications :
• Finance (e.g. remittances;
P2P Payments)
• Record Keeping
• Identity Management
• Smart Contracts
• Sharing Economy (P2P
market)
• Crowdfunding
• Governance
• Supply Chain Auditing
• Protection of Intellectual
Property
• Land Titling Registration
Cloud
Computing
Robotics
Quantum
Computing
Transparent
Decentralized
Immutable
Cost Effective
Robust
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Digital disruption will impact countries differently and could
exacerbate global inequality
Source: Cirera; Maloney, The Innovation Paradox, 2017
The Capability to Innovate in 1900
Drives Income Levels Today
The Capabilities Escalator
LeapfroggingDisruptive Innovation
Source: Dassault Systemes, 2017Source: CodigoDelSur, 2017
Harnessing the Digital Dividend
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As automation substitutes for labor across the entire
economy, the net displacement of workers by machines
might exacerbate the gap between returns to capital
and returns to labor
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McKinsey estimates that roughly half of all jobs are at risk of
being automated - and that’s just with the technologies we have
today.
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Fast rising aspirations and technology is changing the nature of work.
Countries will not be able to compete unless they invest much more,
and more effectively, in people.
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The Human Capital Project
"This year, for the first time, we are
including human capital in our
measurement of the wealth of nations.
Human capital is about 65% of the
wealth in high-income countries and
only 40% in low income countries. We’re
helping low income countries overcome
this – and there is a sense of urgency –
not only because we’re facing several
current human capital crises, but also
because accelerations in technology will
require countries to urgently invest in
their people if they hope to compete in
the economy of the future. “
Jim Kim
President, World Bank Group
The 2030 Agenda and the
Sustainable Development Goals:
An Opportunity for
Transformation
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An Opportunity for Transformation:From MDGs to SDGs
The global development agendas serve as a compass and guide for countries to determine their national
development path
MDGs(2000-2015)
SDGs (2016-2030)
Goals 8 17
Targets 21 169
Indicators 60 ~231
Priority Areas Human Development Holistic: Economic, Social, Environmental
Scope Developing Countries Universal
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Harnessing Science, Technology and
Innovation to achieve the
Sustainable Development Goals
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There are two main means of implementation to achieve the SDGS
➢ Mobilizing the necessary financial
resources aka Financing for
Development - public, private,
international and domestic
➢ Science, Technology and
Innovation (STI)
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Perspectives from 100s of Scientists on STI impact on the
implementation of the SDGs
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Tech is cross-cutting across SDGs
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Direct impact of growing mobile industry to SDGs
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Globally, 2.5 quintillion bytes of data are created every day. With the expansion of digital
technologies like the Internet of Things, mobile and cloud, big data creation will only
grow. There are significant development opportunities if leveraged properly to its full
potential.
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“ The Best Way to Predict the Future is to Create it”Alan Kay, Computer Scientist
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Today is the slowest day of innovation we will
experience for the rest of our lifetimes.”
Rob Nail, Singularity
Mahmoud MohieldinSenior VP
Thank Youworldbankgroup.org/sdgs
Follow us on twitter @WBG2030
Mahmoud-Mohieldin on