Discussion Paper

No. 2018-32 | April 12, 2018
Enabling a sustainable Fourth Industrial Revolution: how G20 countries can create the conditions for emerging technologies to benefit people and the planet
(Submitted as Global Solutions Paper)

Abstract

The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realization that the 4IR could also exacerbate problems for people and the planet. The G20 should champion a holistic approach to the 4IR that helps to address society’s environmental and social challenges. This means both mitigating unintended adverse consequences of change and maximizing positive social and environmental benefits. The G20 should explore, and recommend, governance structures and policy mechanisms to ensure governments have the agility and ability to keep pace with the 4IR, and harness innovations that promise the greatest social and environmental returns.

JEL Classification:

H11

Assessment

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Cite As

Celine Herweijer, Benjamin Combes, Leo Johnson, Rob McCargow, Sahil Bhardwaj, Bridget Jackson, and Pia Ramchandani (2018). Enabling a sustainable Fourth Industrial Revolution: how G20 countries can create the conditions for emerging technologies to benefit people and the planet. Economics Discussion Papers, No 2018-32, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2018-32


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