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Technological Disruption

ASEAN Youth Technology, Skills and the Future of Work

Date of Editorial Board meeting: 
Publication date: 
Friday, August 16, 2019
Abstract in English: 
Based on a survey of 56,000 youths aged 15-35 years old from six countries in the South-East Asia region (ASEAN), this report analyses the views of young ASEAN citizens on future of work, skills and technology. The survey finds that ASEAN youths are highly aware of potential disruption and challenges brought by the Fourth Industrial Revolution to the local labour markets, and they are aware they must constantly upgrade their skills. It also details their skills gap, their future career aspirations and their preferences on skills training. The survey was conducted in partnership with Sea.
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Number of pages: 
17
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What is DARPA? How to Design Successful Technology Disruption

Date of Editorial Board meeting: 
Publication date: 
Sunday, July 14, 2019
Abstract in English: 
Throughout history, humanity’s successes and failures and the survival of societies and nations have derived in large parts from technical innovations and disruptive technologies that have replaced the status-quo with new and better ways of doing things. It is thus understandable, indeed necessary, that nations and governments ask what mechanisms and instruments they should put in place to encourage scientific discoveries and to create technical breakthroughs, particularly for technologies with a transformative, strategic dimension that a nation can ill-afford to miss or fail to understand, control and
shape.

Many funding schemes and government programs already exist around the world that aim to support scientific discovery and societal innovation. Many are curiosity driven scientific endeavors that -like artadvance our understanding of the world and our lives and our identity as humans. Others attempt to promote more pragmatic goals and improve engineering and development processes. All are important and necessary mechanisms to drive science forward.
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18
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Investing in Europe’s future: the role of education and skills

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Date of Editorial Board meeting: 
Publication date: 
Monday, June 11, 2018
Abstract in English: 
On September 25th 2017 the EIB hosted a workshop to debate skill(s) challenge(s) in Europe, their underlying drivers as well as ways to address them, including the role of (EU) policies and financing. One conclusion was that in order to promote skill development in Europe going forward, a better understanding of current gaps and mismatches is needed, together with a thorough assessment of what works and what not when it comes to policy measures.
To this end, this compilation brings together several contributions, including micro- and macro perspectives as well as specific country examples, to inform the current European debate.
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Number of pages: 
60
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Fourth Industrial Revolution for the Earth

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Date of Editorial Board meeting: 
Publication date: 
Thursday, January 18, 2018
Abstract in English: 
The focus of this report is on harnessing AI systems today, and as they evolve, to create maximum positive impact on urgent environmental challenges. It suggests ways in which AI can help transform traditional sectors and systems to address climate change, deliver food and water security, protect biodiversity and bolster human well-being. This concern is tightly linked with the emerging question of how to ensure that AI does not become harmful to human well-being.
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52
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A Future That Works: Automation, Employment ad Productivity

Date of Editorial Board meeting: 
Publication date: 
Sunday, January 15, 2017
Abstract in English: 
Automation is an idea that has inspired science fiction writers and futurologists for more than a century. Today it is no longer fiction, as companies increasingly use robots on production lines or algorithms to optimize their logistics, manage inventory, and carry out other core business functions. Technological advances are creating a new automation age in which ever-smarter and more flexible machines will be deployed on an ever-larger scale in the workplace. In reality, the process of automating tasks done by humans has been under way for centuries. What has perhaps changed is the pace and scope of what can be automated. It is a prospect that raises more questions than it answers. How will automation transform the workplace? What will be the implications for employment? And what is likely to be its impact both on productivity in the global economy and on employment?
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148
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Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation

Date of Editorial Board meeting: 
Publication date: 
Wednesday, December 6, 2017
Abstract in English: 
The technology-driven world in which we live is a world filled with promise but also challenges. Cars that drive themselves, machines that read X-rays, and algorithms that respond to customer-service inquiries are all manifestations of powerful new forms of automation. Yet even as these technologies increase productivity and improve our lives, their use will substitute for some work activities humans currently perform—a development that has sparked much public concern.
This report assesses the number and types of jobs that might be created under different scenarios through 2030 and compares that to the jobs that could be lost to automation.
The results reveal a rich mosaic of potential shifts in occupations in the years ahead, with important implications for workforce skills and wages. Our key finding is that while there may be enough work to maintain full employment to 2030 under most scenarios, the transitions will be very challenging—matching or even exceeding the scale of shifts out of agriculture and manufacturing we have seen in the past.
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Number of pages: 
160
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Skill Shift: Automation an the Future of the Workforce

Date of Editorial Board meeting: 
Publication date: 
Tuesday, May 15, 2018
Abstract in English: 
Automation and artificial intelligence (AI) are changing the nature of work. In this discussion paper, part of our ongoing research on the impact of technology on the economy, business, and society, we present new findings on the coming shifts in demand for workforce skills and how work is organized within companies, as people increasingly interact with machines in the workplace. We quantify time spent on 25 core workplace skills today and in the future for the United States and five European countries, with a particular focus on five sectors: banking and insurance, energy and mining, healthcare, manufacturing, and retail.
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84
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The new dynamics of financial globalisation

Date of Editorial Board meeting: 
Publication date: 
Tuesday, August 29, 2017
Abstract in English: 
A decade after the beginning of the global financial crisis, the fallout continues to reshape the financial system. Gross cross-border capital flows are 65 percent lower in absolute terms than they were in 2007, representing a sharp break from the past. Roughly half of the decline is due to large European and US banks retrenching from foreign markets. But these developments do not signal an end to financial globalization—although there will be risks. Rather, we see a healthy correction from pre-crisis excesses, and a return to a potentially more stable and risk-sensitive era of financial globalization. Lessons have been learned. Moreover, we are beginning to see global finance broaden to a larger number of countries and players, many of them developing economies that are becoming more financially connected. Looking forward, we see that global finance is set for another major disruption. The increasing presence of new financial technologies, including digital platforms for financial transactions, blockchain, and machine learning, have the potential to reinforce financial globalization by making it faster and cheaper to transact across borders—but may also pose new challenges.
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Number of pages: 
108
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