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.
During the Fourth Industrial Revolution (4IR), technology and innovations are at an increased risk of falling victim to Intellectual Property (IP) right violations, due to their important role in wealth creation and socio-political stability. As such, the development of comprehensive regulatory systems, inclusive of intellectual property (IP) protection, is crucial in this era, argues Dilani Hirimuthugodage.
Emerging new technologies will impact trade mainly by reducing the cost of trading. These advances can cut transport and logistics costs, by optimising route planning through the use of GPS and autonomous driving capabilities, with AI applications. To leverage the benefits, while minimising the costs associated with technological disruptions, governments need to manage the structural changes brought on by technological advancements successfully. In this blog, Janaka Wijayasiri discusses what policies developing countries, including Sri Lanka, should adopt to take advantage of these transformations.
Labour migration from Sri Lanka has experienced many changes in recent years. Often, these are due to traditional reasons, such as oil price fluctuations and the slowing down of growth in destination economies; but another factor that could contribute to shifts in migration patterns is the transformations taking place in the world of work in the Fourth Industrial Revolution (4IR). This blog examines the influence of 4IR on changing patterns of labour migration from Sri Lanka.