The primary issue that arose at the plenary on ‘Promoting Innovation and Disruption in the Fourth Industrial Revolution (4IR)’, at the 12th South Asia Economic Summit (SAES XII), organised by the IPS, was the role of disruption in the status quo. The panel deliberated on whether governments and corporations should embrace and utilise disruption despite its drawbacks, or regulate extensively to curb it.
Meeting Challenges in a New World of Work: How Prepared is South Asia for the Fourth Industrial Revolution?
One of the plenary sessions at the 12th South Asia Economic Summit (SAES XII), organised by the IPS, deliberated on how best to meet emerging challenges in a technology-led, new world of work, in the Fourth Industrial Revolution (4IR). The panellists discussed how South Asian labour markets will be impacted by the 4IR and what the required policy responses should be in this new reality.
In response to changing skills requirements in the 4IR, new and effective forms of e-learning are being adopted worldwide. Sri Lanka has launched an initiative to develop smart classrooms (SCs) in several schools across the country. Such technologies allow for the installation of interactive tools or applications, uploading homegrown content, and downloading interactive content online, and encourage more critical thinking and problem-solving skills necessary in a digital economy. Ashani Abayasekara takes a look at current SC projects in Sri Lanka, with the aim of assessing their role in driving the education sector forward in a 4IR era.
Innovation and technology are rapidly transforming production in a variety of industries and reshaping occupation profiles. Some jobs are being made obsolete while there are new types of work emerging. Is Sri Lanka’s job market ready to face the challenges and leverage the opportunities presented by the Fourth Industrial Revolution? Nisha Arunatilake and Chathurga Karunanayake explore.
Sri Lanka’s labour market has been riddled with persistent high informality, an unchanging low female labour force participation, and low quality of available jobs. Enhancing exports can be a solution to these intractable problems, according to the findings of the Exports to Jobs – Boosting the Gains from Trade in South Asia report, which shows that boosting exports improves domestic labour markets by creating jobs, increasing wages, and reducing informality.