Author: Myanmar Agriculture Policy Support Activity (MAPSA)
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 13
Book Description
We assess changes in food prices and purchasing power of casual wage laborers based on large-scale surveys of food vendors (fielded from June 2020 until February 2023) and households in rural and urban areas and in all state/regions of Myanmar. Key findings Over the full period (June 2020 - February 2023), the cost of the healthy diet rose by 72 percent and the common diet by 82 percent. Prices for rice –the major staple– increased by 62 percent between March 2022 and February 2023. The costs of a common and healthy diet increased especially over the year 2022, by 50 and 51 percent respectively between Q1 of 2022 and Q4 of 2022. Diet costs increased more in rural areas compared to urban areas and more in the Dry Zone and coastal areas – which are more affected by conflicts – compared to the national average. The value of daily wages of construction and agricultural wage laborers relative to common and healthy diet costs declined by about 25 and 28 percent over the year 2022. Food costs are outpacing wages, making food increasingly unaffordable for wage earners who are among the most vulnerable household groups in Myanmar, particularly in rural areas. Recommended actions Food should be available at low costs to avoid food insecurity and nutrition problems in the country; assuring a well-functioning agri-food system should therefore be a priority for all stakeholders. Casual wage workers are among the poorest and their situation is worsening. They should therefore be targeted in social safety net programs. It is important to closely monitor food prices and the wages of the poor - they are good proxies for purchasing power and welfare and can be measured at high frequency.
Monitoring the agri-food system in Myanmar: The rising costs of diets and declining purchasing power of casual wage laborers: June 2020 - February 2023
Author: Myanmar Agriculture Policy Support Activity (MAPSA)
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 13
Book Description
We assess changes in food prices and purchasing power of casual wage laborers based on large-scale surveys of food vendors (fielded from June 2020 until February 2023) and households in rural and urban areas and in all state/regions of Myanmar. Key findings Over the full period (June 2020 - February 2023), the cost of the healthy diet rose by 72 percent and the common diet by 82 percent. Prices for rice –the major staple– increased by 62 percent between March 2022 and February 2023. The costs of a common and healthy diet increased especially over the year 2022, by 50 and 51 percent respectively between Q1 of 2022 and Q4 of 2022. Diet costs increased more in rural areas compared to urban areas and more in the Dry Zone and coastal areas – which are more affected by conflicts – compared to the national average. The value of daily wages of construction and agricultural wage laborers relative to common and healthy diet costs declined by about 25 and 28 percent over the year 2022. Food costs are outpacing wages, making food increasingly unaffordable for wage earners who are among the most vulnerable household groups in Myanmar, particularly in rural areas. Recommended actions Food should be available at low costs to avoid food insecurity and nutrition problems in the country; assuring a well-functioning agri-food system should therefore be a priority for all stakeholders. Casual wage workers are among the poorest and their situation is worsening. They should therefore be targeted in social safety net programs. It is important to closely monitor food prices and the wages of the poor - they are good proxies for purchasing power and welfare and can be measured at high frequency.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 13
Book Description
We assess changes in food prices and purchasing power of casual wage laborers based on large-scale surveys of food vendors (fielded from June 2020 until February 2023) and households in rural and urban areas and in all state/regions of Myanmar. Key findings Over the full period (June 2020 - February 2023), the cost of the healthy diet rose by 72 percent and the common diet by 82 percent. Prices for rice –the major staple– increased by 62 percent between March 2022 and February 2023. The costs of a common and healthy diet increased especially over the year 2022, by 50 and 51 percent respectively between Q1 of 2022 and Q4 of 2022. Diet costs increased more in rural areas compared to urban areas and more in the Dry Zone and coastal areas – which are more affected by conflicts – compared to the national average. The value of daily wages of construction and agricultural wage laborers relative to common and healthy diet costs declined by about 25 and 28 percent over the year 2022. Food costs are outpacing wages, making food increasingly unaffordable for wage earners who are among the most vulnerable household groups in Myanmar, particularly in rural areas. Recommended actions Food should be available at low costs to avoid food insecurity and nutrition problems in the country; assuring a well-functioning agri-food system should therefore be a priority for all stakeholders. Casual wage workers are among the poorest and their situation is worsening. They should therefore be targeted in social safety net programs. It is important to closely monitor food prices and the wages of the poor - they are good proxies for purchasing power and welfare and can be measured at high frequency.
The state of food security and Nutrition in Myanmar 2022-23: Findings from six rounds of the Myanmar Household Welfare Survey
Author: Myanmar Agricultural Policy Support Activity
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 32
Book Description
This working paper explores the state of food security and nutrition in Myanmar using 6 rounds of nationally representative household panel data collected from December 2021 to November 2023. Overall, the state of food security and nutrition has deteriorated in Myanmar in 2022-23. More than 3 percent of households were in moderate to severe hunger in September-November 2023. Hunger was highest in Chin (8.7 percent) and Tanintharyi (7.0 percent). Households with a low food consumption score increased from 9.4 percent in December 2021-February 2022 to 15.9 percent in October-December 2022 and remained high at 14.4 percent in September-November 2023. The shares in September-November 2023 were highest in Chin (38.2 percent), Kayah (22.4 percent), and Magway (20 percent). Inadequate diet diversity among adults rose from 20.6 percent to 30.9 percent over December 2021-February 2022 to October-December 2022, with an increase of 5.9 percentage points in the past one year. Women saw a faster decline in diet quality from December-February 2022 to September-November 2023 (12.1 percentage points increase in poor diet quality vs 8.4 percentage points for men). Decreases in diet quality among adults are driven by lower consumption of milk and dairy products as well as Vitamin A rich fruits, meat, fish, and eggs. 34.5 percent of all children aged 6-23 months and nearly a quarter (23.6 percent) of all children aged 6-59 months had inadequate diet quality in the latest round of survey. Regression analysis reveals low income and limited assets to be important risk factors for food security and adequate diet quality. Wage workers and low wage communities are found to be particularly vulnerable. Rising food prices, conflict and physical insecurity increase the likelihood of poor diet quality. Receiving remittances is a source of resilience; remittance-receiving households are less likely to experience hunger or poor dietary diversity at the household, adult, and child level. To avert a full-blown nutrition crisis in Myanmar, effective multisectoral steps are required to protect nutritionally vulnerable populations. Expanded implementation of nutrition- and gender sensitive social protection programs, including maternal and child cash transfers, particularly to vulnerable groups is called for. Further, given the importance of remittances as an effective coping mechanism, supporting migration and the flow of remittances would help to improve the welfare of the Myanmar population.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 32
Book Description
This working paper explores the state of food security and nutrition in Myanmar using 6 rounds of nationally representative household panel data collected from December 2021 to November 2023. Overall, the state of food security and nutrition has deteriorated in Myanmar in 2022-23. More than 3 percent of households were in moderate to severe hunger in September-November 2023. Hunger was highest in Chin (8.7 percent) and Tanintharyi (7.0 percent). Households with a low food consumption score increased from 9.4 percent in December 2021-February 2022 to 15.9 percent in October-December 2022 and remained high at 14.4 percent in September-November 2023. The shares in September-November 2023 were highest in Chin (38.2 percent), Kayah (22.4 percent), and Magway (20 percent). Inadequate diet diversity among adults rose from 20.6 percent to 30.9 percent over December 2021-February 2022 to October-December 2022, with an increase of 5.9 percentage points in the past one year. Women saw a faster decline in diet quality from December-February 2022 to September-November 2023 (12.1 percentage points increase in poor diet quality vs 8.4 percentage points for men). Decreases in diet quality among adults are driven by lower consumption of milk and dairy products as well as Vitamin A rich fruits, meat, fish, and eggs. 34.5 percent of all children aged 6-23 months and nearly a quarter (23.6 percent) of all children aged 6-59 months had inadequate diet quality in the latest round of survey. Regression analysis reveals low income and limited assets to be important risk factors for food security and adequate diet quality. Wage workers and low wage communities are found to be particularly vulnerable. Rising food prices, conflict and physical insecurity increase the likelihood of poor diet quality. Receiving remittances is a source of resilience; remittance-receiving households are less likely to experience hunger or poor dietary diversity at the household, adult, and child level. To avert a full-blown nutrition crisis in Myanmar, effective multisectoral steps are required to protect nutritionally vulnerable populations. Expanded implementation of nutrition- and gender sensitive social protection programs, including maternal and child cash transfers, particularly to vulnerable groups is called for. Further, given the importance of remittances as an effective coping mechanism, supporting migration and the flow of remittances would help to improve the welfare of the Myanmar population.
Myanmar’s agrifood system: Historical development, recent shocks, future opportunities
Author: Boughton, Duncan
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 572
Book Description
Myanmar has endured multiple crises in recent years — including COVID-19, global price instability, the 2021 coup, and widespread conflict — that have disrupted and even reversed a decade of economic development. Household welfare has declined severely, with more than 3 million people displaced and many more affected by high food price inflation and worsening diets. Yet Myanmar’s agrifood production and exports have proved surprisingly resilient. Myanmar’s Agrifood System: Historical Development, Recent Shocks, Future Opportunities provides critical analyses and insights into the agrifood system’s evolution, current state, and future potential. This work fills an important knowledge gap for one of Southeast Asia’s major agricultural economies — one largely closed to empirical research for many years. It is the culmination of a decade of rigorous empirical research on Myanmar’s agrifood system, including through the recent crises. Written by IFPRI researchers and colleagues from Michigan State University, the book’s insights can serve as a to guide immediate humanitarian assistance and inform future growth strategies, once a sustainable resolution to the current crisis is found that ensures lasting peace and good governance.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 572
Book Description
Myanmar has endured multiple crises in recent years — including COVID-19, global price instability, the 2021 coup, and widespread conflict — that have disrupted and even reversed a decade of economic development. Household welfare has declined severely, with more than 3 million people displaced and many more affected by high food price inflation and worsening diets. Yet Myanmar’s agrifood production and exports have proved surprisingly resilient. Myanmar’s Agrifood System: Historical Development, Recent Shocks, Future Opportunities provides critical analyses and insights into the agrifood system’s evolution, current state, and future potential. This work fills an important knowledge gap for one of Southeast Asia’s major agricultural economies — one largely closed to empirical research for many years. It is the culmination of a decade of rigorous empirical research on Myanmar’s agrifood system, including through the recent crises. Written by IFPRI researchers and colleagues from Michigan State University, the book’s insights can serve as a to guide immediate humanitarian assistance and inform future growth strategies, once a sustainable resolution to the current crisis is found that ensures lasting peace and good governance.
Myanmar’s livestock sector: An overview of production and consumption in 2022
Author:
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 25
Book Description
The poultry and pig production subsectors are facing significant financial stress, primarily due to a combination of increasing production costs and declining consumer demand. Among the challenges reported by livestock raisers, the most frequent ones were sickness or death of animals, followed closely by high input prices. The cost of production for poultry and swine doubled over a two-year period, largely driven by rising feed and other input costs. Specifically, the price of 50 kg of broiler chicken feed increased by 61 percent between 2021 and 2022, while the price of 30 kg of pig feed increased by 51 percent during the same period. These significant cost increases have led to a notable decrease in livestock income in real terms. Moreover, the triple crisis has affected consumption patterns, with households reducing their expenditure on food, particularly animal-sourced food. As a result, livestock consumption has also decreased, adding to the challenges faced by the livestock industry. In our sample, we found that 44 percent of households were involved in livestock raising, with 33 percent of households earning income from this activity. However, it's concerning that 18 percent of these households had to resort to selling livestock as a coping strategy to meet their daily needs rather than as a deliberate business decision. This paper presents a comprehensive overview of the Myanmar livestock sector during the period from September 2021 to August 2022. It delves into various aspects, starting with livestock production, examining the challenges faced by farmers, production costs, and income. Additionally, the study analyzes the trends in animal-sourced food consumption in Myanmar. Finally, the paper discusses the critical issues and challenges that the sector is likely to encounter and proposes several recommended actions.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 25
Book Description
The poultry and pig production subsectors are facing significant financial stress, primarily due to a combination of increasing production costs and declining consumer demand. Among the challenges reported by livestock raisers, the most frequent ones were sickness or death of animals, followed closely by high input prices. The cost of production for poultry and swine doubled over a two-year period, largely driven by rising feed and other input costs. Specifically, the price of 50 kg of broiler chicken feed increased by 61 percent between 2021 and 2022, while the price of 30 kg of pig feed increased by 51 percent during the same period. These significant cost increases have led to a notable decrease in livestock income in real terms. Moreover, the triple crisis has affected consumption patterns, with households reducing their expenditure on food, particularly animal-sourced food. As a result, livestock consumption has also decreased, adding to the challenges faced by the livestock industry. In our sample, we found that 44 percent of households were involved in livestock raising, with 33 percent of households earning income from this activity. However, it's concerning that 18 percent of these households had to resort to selling livestock as a coping strategy to meet their daily needs rather than as a deliberate business decision. This paper presents a comprehensive overview of the Myanmar livestock sector during the period from September 2021 to August 2022. It delves into various aspects, starting with livestock production, examining the challenges faced by farmers, production costs, and income. Additionally, the study analyzes the trends in animal-sourced food consumption in Myanmar. Finally, the paper discusses the critical issues and challenges that the sector is likely to encounter and proposes several recommended actions.
Paddy rice productivity and profitability in Myanmar: Assessment of the 2022 monsoon season
Author: Myanmar Agriculture Policy Support Activity (MAPSA)
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 24
Book Description
We analyze paddy rice productivity and profitability data for the monsoon season of 2022 from the Myanmar Agriculture Performance Survey (MAPS), fielded in the beginning of 2023. The survey covered plots of 3,076 paddy rice producers, spread across all states/regions of the country. We find that: 1. Paddy rice productivity – tons of paddy produced per unit of cultivated land – at the national level decreased on average by 7.5 percent during the monsoon of 2022 compared to the monsoon of 2021. The lower productivity is mostly explained by adverse weather conditions, with negative impacts of droughts during the monsoon of 2022. Lower input use and other factors - such as increased insecurity - played an important role as well. Paddy rice yields were lowest in Kayah and Chin, two conflict-affected states. 2. Prices for most inputs used in paddy rice cultivation increased significantly between these two seasons. Prices of urea, the most important chemical fertilizer used by paddy rice farmers, increased by 87 percent on average while mechanization costs increased by 27 percent. Small decreases are noted, on average, in the use of paddy rice inputs over the last two monsoons. Despite the large price increases for chemical fertilizer, its use declined only by 8 percent compared to the previous monsoon. 3. Paddy prices at the farm level increased by 81 percent, reflecting changes in international rice prices as well as the depreciation of the MMK. Gross revenues per acre increased in nominal terms by 67 percent, mostly due to these high price increases. 4. Real profits, with nominal prices corrected by the change in the cost of an average food basket, from paddy rice farming during the monsoon of 2022 increased by 26 percent and 10 percent compared to the monsoon of 2021 and 2020 respectively. While nominal profits for paddy rice farmers increased by 95 percent over the last two seasons, price inflation has been high in the country and real profit increased much less. While the rice sector demonstrated resilience in the country, the current situation is concerning given productivity declines and high price increases, raising fears for increased food insecurity in the country. We have found improved farm profitability this year and as fertilizer prices for the coming monsoon (the monsoon of 2023) are down (due to international price decreases) and international rice prices are up (due to lower global stocks), this might further improve profitability - and incentives - for paddy production in 2023. These price developments might possibly reverse the declining productivity trend. The big unknowns that might impact paddy production in 2023 though are the weather - with less rainfall expected due to El Niño conditions in the second half of the year - and the evolution of conflict-related insecurity in the country.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 24
Book Description
We analyze paddy rice productivity and profitability data for the monsoon season of 2022 from the Myanmar Agriculture Performance Survey (MAPS), fielded in the beginning of 2023. The survey covered plots of 3,076 paddy rice producers, spread across all states/regions of the country. We find that: 1. Paddy rice productivity – tons of paddy produced per unit of cultivated land – at the national level decreased on average by 7.5 percent during the monsoon of 2022 compared to the monsoon of 2021. The lower productivity is mostly explained by adverse weather conditions, with negative impacts of droughts during the monsoon of 2022. Lower input use and other factors - such as increased insecurity - played an important role as well. Paddy rice yields were lowest in Kayah and Chin, two conflict-affected states. 2. Prices for most inputs used in paddy rice cultivation increased significantly between these two seasons. Prices of urea, the most important chemical fertilizer used by paddy rice farmers, increased by 87 percent on average while mechanization costs increased by 27 percent. Small decreases are noted, on average, in the use of paddy rice inputs over the last two monsoons. Despite the large price increases for chemical fertilizer, its use declined only by 8 percent compared to the previous monsoon. 3. Paddy prices at the farm level increased by 81 percent, reflecting changes in international rice prices as well as the depreciation of the MMK. Gross revenues per acre increased in nominal terms by 67 percent, mostly due to these high price increases. 4. Real profits, with nominal prices corrected by the change in the cost of an average food basket, from paddy rice farming during the monsoon of 2022 increased by 26 percent and 10 percent compared to the monsoon of 2021 and 2020 respectively. While nominal profits for paddy rice farmers increased by 95 percent over the last two seasons, price inflation has been high in the country and real profit increased much less. While the rice sector demonstrated resilience in the country, the current situation is concerning given productivity declines and high price increases, raising fears for increased food insecurity in the country. We have found improved farm profitability this year and as fertilizer prices for the coming monsoon (the monsoon of 2023) are down (due to international price decreases) and international rice prices are up (due to lower global stocks), this might further improve profitability - and incentives - for paddy production in 2023. These price developments might possibly reverse the declining productivity trend. The big unknowns that might impact paddy production in 2023 though are the weather - with less rainfall expected due to El Niño conditions in the second half of the year - and the evolution of conflict-related insecurity in the country.
Vulnerability and welfare: Findings from the fifth round of the Myanmar Household Welfare Survey (March – June 2023)
Author: Myanmar Agriculture Policy Support Activity (MAPSA)
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 58
Book Description
The fifth round of the Myanmar Household Welfare Survey (MHWS), a nationally and regionally representative phone survey, was implemented between March and June 2023. It follows from four rounds that were carried out quarterly beginning in December 2021. This report discusses the findings from the fifth round related to livelihoods, shocks, asset and income poverty, and coping strategies.
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 58
Book Description
The fifth round of the Myanmar Household Welfare Survey (MHWS), a nationally and regionally representative phone survey, was implemented between March and June 2023. It follows from four rounds that were carried out quarterly beginning in December 2021. This report discusses the findings from the fifth round related to livelihoods, shocks, asset and income poverty, and coping strategies.
World Development Report 2019
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464813566
Category : Business & Economics
Languages : en
Pages : 201
Book Description
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.
Publisher: World Bank Publications
ISBN: 1464813566
Category : Business & Economics
Languages : en
Pages : 201
Book Description
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.
Global Wage Report 2020-21
Author: INTERNATIONAL LABOUR OFFICE.
Publisher:
ISBN: 9789220319482
Category :
Languages : en
Pages : 0
Book Description
This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
Publisher:
ISBN: 9789220319482
Category :
Languages : en
Pages : 0
Book Description
This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
Accelerating progress towards SDG2 – Policy effectiveness analysis
Author: Food and Agriculture Organization fo the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251333300
Category : Political Science
Languages : en
Pages : 64
Book Description
The Food and Nutrition Security Impact, Resilience, Sustainability and Transformation (FIRST) Programme represents a partnership between the Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU). In 2018, the partnership agreed on the need to have a policy effectiveness analysis conducted in most of the FIRST countries. As policy implementation rather than formulation is repeatedly raised as one of Pakistan’s challenges, this assessment considered the implementation challenges of specific policy processes relevant to the FAO-EU partnership in the country, rather than the entire suite of relevant policies. It considered the necessary conditions to move forward and how best to meet these conditions, including through more strategic resource allocation and more effective approaches to building institutional capacity.
Publisher: Food & Agriculture Org.
ISBN: 9251333300
Category : Political Science
Languages : en
Pages : 64
Book Description
The Food and Nutrition Security Impact, Resilience, Sustainability and Transformation (FIRST) Programme represents a partnership between the Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU). In 2018, the partnership agreed on the need to have a policy effectiveness analysis conducted in most of the FIRST countries. As policy implementation rather than formulation is repeatedly raised as one of Pakistan’s challenges, this assessment considered the implementation challenges of specific policy processes relevant to the FAO-EU partnership in the country, rather than the entire suite of relevant policies. It considered the necessary conditions to move forward and how best to meet these conditions, including through more strategic resource allocation and more effective approaches to building institutional capacity.
The Fourth Industrial Revolution
Author: Klaus Schwab
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Publisher: Crown Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 194
Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.