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World of work in the 4th industrial revolution: inclusive and structural transformation for a better Africa

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dc.date.accessioned 2019-08-19T12:39:26Z
dc.date.available 2019-08-19T12:39:26Z
dc.date.issued 2019-02-27 en
dc.identifier.uri http://hdl.handle.net/20.500.11910/13472
dc.description T20 Argentina Policy Brief en
dc.description.abstract Unemployment and underemployment are among the key development challenges confronting Africa, and they manifest in deepening poverty and inequality. These tend to disproportionately impact youth and women. In the absence of far-reaching reforms and transformations, these challenges will be compounded by the 4th industrial revolution, which is expected to 'disrupt' markets, particularly labor. However, there is a window of opportunity that African countries, in partnership with the G20 countries, can exploit. First, African economies need to structurally transform, both within and across sectors. Second, African countries need to transform their education systems, and to build appropriate capabilities in readiness for the digital economy. There is need to reorient education systems towards STEM to better prepare populations for the digital economy. Third, countries will have to increase their R&D spending and strengthen national systems of innovations to give impetus to innovation. Inclusive finance for development, including digital financial services and fintechs, will play a pivotal role in enhancing financial inclusion and resilience, and thus ultimately reducing poverty. Partnership with G20 will improve likelihood of success in these endeavors. en
dc.format.medium Print en
dc.subject FOURTH INDUSTRIAL REVOLUTION en
dc.subject AFRICA en
dc.subject EMPLOYMENT CREATION en
dc.title World of work in the 4th industrial revolution: inclusive and structural transformation for a better Africa en
dc.type Policy Briefs en
dc.ProjectNumber N/A en
dc.BudgetYear 2018/19 en
dc.ResearchGroup African Institute of South Africa en
dc.ArchiveNumber 10723 en
dc.URL http://ktree.hsrc.ac.za/doc_read_all.php?docid=20985 en
dc.outputnumber 9756 en
dc.bibliographictitle Simbanegavi, W., Patel, A., Senbet, L.W., Mouelhi, R.B.A., Gatune, J., Amaoko, K.Y., Mutanga, S., Altenburg, T., Coulibaly, B. & Prakash, A. (2018) World of work in the 4th industrial revolution: inclusive and structural transformation for a better Africa. (T20 Argentina Policy Brief). en
dc.publicationyear 2018 en
dc.contributor.author1 Simbanegavi, W. en
dc.contributor.author2 Patel, A. en
dc.contributor.author3 Senbet, L.W. en
dc.contributor.author4 Mouelhi, R.B.A. en
dc.contributor.author5 Gatune, J. en
dc.contributor.author6 Amaoko, K.Y. en
dc.contributor.author7 Mutanga, S. en
dc.contributor.author8 Altenburg, T. en
dc.contributor.author9 Coulibaly, B. en
dc.contributor.author10 Prakash, A. en


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