ADB seminar considers challenge of technological change, globalization, and jobs in Asia

ADB seminar considers challenge of technological change, globalization, and jobs in Asia

MANILA: As Asia and the Pacific seeks inclusive and sustainable economic growth, countries are adapting to the possibility that new technologies in fields such as robotics and artificial intelligence may lead to challenges for some industries and groups of workers, according to participants at a high-level Asian Development Bank (ADB) seminar held here on Friday.

“Advances in new technologies will raise incomes and increase demand from Asia’s rising consumer class,” ADB President Takehiko Nakao said at the Governors’ Seminar during ADB’s 51st Annual Meeting. “Countries that maintain flexible policies, support improvements to education, and put in place a stronger social […]

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