The sunny side of the roboconomy in the Middle East
The Middle East and North Africa's youthful, fast-urbanizing population are perfectly placed to embrace technology and reap the rewards of the Fourth Industrial Revolution. Much has been written already about the arrival of the Fourth Industrial Revolution (4IR) and the opportunity that the convergence of its new technologies offers in terms of building value into production systems and economies around the world. In one sense, the playing field could be levelled out. Localized production is being made more feasible for many small producers, setting developing communities on a path towards self-sufficiency, while falling costs could enable factories of all sizes to boost their productivity levels. However, on the opposite side of the equation, news headlines have been dominated by predictions that human workers will be substituted by robots, leading to widespread job losses and heightened societal challenges. Additionally, doubt has been shed on the ability of regions that are less industrialized, or those with fractured economies and infrastructure, to be able to respond to these disruptions and compete effectively in the future.
May-24-2017, 14:49:32 GMT
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