Education

This paper looks to uncover the growth traps and opportunities for the South African economy, with a focus on underlying labour market dynamics. We explore the potential of South Africa’s demographic dividend. We also consider the structure of the labour market and the growth-employment interactions, which uncover the skills-biased labour demand path of the economy and a rising trend in the use of labour brokers to source temporary workers. Finally, we show a new labour market trend has emerged: a rise in the share of public sector employment along with higher conditional returns to public sector workers than to those in the private sector.

Die Studien zur Arbeitslandschaft untersuchen in regelmäßigen Abständen, wie sich Angebot und Nachfrage am Arbeitsmarkt entwickeln und welche Ungleichgewichte sich einstellen. Im aktualisierten Gutachten sind vor allem die Beurteilung der Auswirkungen des technologischen Fortschritts und der Digitalisierung auf die zukünftigen Arbeitsinhalte auf den aktuellen Stand der Forschung gebracht worden. Zudem wurde eine angepasste wirtschaftliche Rahmenprognose der Analyse zugrunde gelegt.

The core long-term structural demographic change in Europe is ageing: the current ratio of working age population to old dependent population below 4 to 1 will, according to Eurostat projections, be replaced by a ratio of 2 to 1 by 2050.
Demographic change in individual Local and Regional Authorities (LRAs) will depend on their capacity to attract the working-age population. However, concentrations of seniors in specific localities and regions do not necessarily constitute a challenge or handicap, insofar as this population’s income from retirement schemes provides the basis for the development of a wide range of economic activities.

As a central effort in the Global Challenge Initiative on Economic Growth and Social Inclusion, this is a “how to guide” for companies to create social and business value. Drawn from a series of workshops and interviews with more than 35 executives from leading companies, and guided by the Forum’s Global Agenda Council on Social Innovation, this guide offers an action framework.

The New Vision for Education project examines the role that technology can potentially play to improve education for the future. In phase II, we investigated innovative ways to help students develop competencies* and character qualities** broadly defined as social emotional skills, which are critical components of 21st century skill framework but not a core focus in today’s curriculum.

Can technology effectively facilitate the development of competencies and character qualities, in addition to cognitive skills? If yes, what are the opportunities to capture to make it happen? What are the immediate, mid-term, and long-term barriers to remove? How can multistakeholders work together to create a roadmap for this vision?

In seeking answers to these questions, the report assembles a list of 52 research-based digital product features that are highly correlated with the ten competencies and character qualities and identifies five nascent technology trends – wearable devices, leading-edge apps, virtual reality, advanced analytics and machine learning, and affective computing – that extend ways of fostering social emotional learning (SEL) and also offer potential for exciting new learning strategies. The report concludes with recommendations to each stakeholder on actions to advance SEL and SEL technology adoption.

Today, we are at the beginning of a Fourth Industrial Revolution. Developments in genetics, artificial intelligence, robotics, nanotechnology, 3D printing and biotechnology, to name just a few, are all building on and amplifying one another. This will lay the foundation for a revolution more comprehensive and all-encompassing than anything we have ever seen. Smart systems—homes, factories, farms, grids or cities—will help tackle problems ranging from supply chain management to climate change. The rise of the sharing economy will allow people to monetize everything from their empty house to their car.
While the impending change holds great promise, the patterns of consumption, production and employment created by it also pose major challenges requiring proactive adaptation by corporations, governments and individuals. Concurrent to the technological revolution are a set of broader socio-economic, geopolitical and demographic drivers of change, each interacting in multiple directions and intensifying one another. As entire industries adjust, most occupations are undergoing a fundamental transformation. While some jobs are threatened by redundancy and others grow rapidly, existing jobs are also going through a change in the skill sets required to do them. The debate on these transformations is often polarized between those who foresee limitless new opportunities and those that foresee massive dislocation of jobs. In fact, the reality is highly specific to the industry, region and occupation in question as well as the ability of various stakeholders to manage change.
The Future of Jobs Report is a first step in becoming specific about the changes at hand. It taps into the knowledge of those who are best placed to observe the dynamics of workforces—Chief Human Resources and Strategy Officers—by asking them what the current shifts mean, specifically for employment, skills and recruitment across industries and geographies. In particular, we have introduced a new measure—skills stability—to quantify the degree of skills disruption within an occupation, a job family or an entire industry. We have also been able to provide an outlook on the gender dynamics of the changes underway, a key element in understanding how the benefits and burdens of the Fourth Industrial Revolution will be distributed.

Africa is at a tipping point in 2016. Despite all the success the continent has achieved in recent years, new and old dangers—economic, political, and security-related—threaten to derail its progress. With sound policymaking, effective leadership, and enough foresight, however—Africa can meet and defeat these challenges as well as the many more to come.

In this year's Foresight Africa, the Africa Growth Initiative and its colleagues discuss six overarching themes that place Africa at this tipping point and give their view on what they perceive to be key areas for intervention to keep Africa on its current rising trajectory. This year's format is different from years past, encompassing viewpoints from high-level policymakers, academics, and practitioners, as well as utilizing visuals to better illustrate the paths behind and now in front of Africa.

Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it’s around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.

This report constitutes an attempt to audit Kenya’s Vision 2030 from both an income inequalities and a gender inequalities perspective, and to assess the ability of the Vision to respond to both of these persistent development challenges. Historically, Kenya has been one of the most unequal societies in the world. The launch of Vision 2030 thus provided a key opportunity to suggest ways of better conceptualizing and addressing these inequalities for the good of development in the country. The rationale for this audit was grounded in what is now a well-acknowledged fact, that both income and gender inequalities hinder development. They have been found to negatively affect development efforts and present a challenge to the sustainability of development gains at individual, household and country level. The objectives of the audit are to contribute to enhancing development planning and resource allocation towards greater equity and equality. The audit is intended to help build understandings of government actors engaged in development planning and resource allocation, as well as their partners in civil society and the private sector, on the impacts of inequalities on development performance generally and specifically.

Major transitions are rapidly reshaping Africa. Populations are growing substantially and urbanising. Economic growth has accelerated over the last decade. New technologies, including mobile phones and solar cells, are sweeping across the continent. Longstanding confl icts have been or are being addressed. On the broader stage, but with important regional implications, the rise of China, India and other major emerging countries are changing our trading and investment patterns.

Yet major uncertainties face us. How rapidly will we bring communicable diseases under control and advance the education of our citizens? Can Africa diversify its economies and employ its growing populations in manufacturing and services, as well as successfully managing the wealth generated by its raw materials? Will climate change increase pressures on agriculture or will Africa have its own green revolution? How will the continent build the extensive infrastructures that it desperately needs? What will be the quality of our governance? How will external actors, both governments and fi rms, approach and affect Africa?