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

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

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.

“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 in Manila

“Countries that maintain flexible policies, support improvements to education, and put in place a stronger social safety net will be […]

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