1. The Role of Development Finance Institutions in Enabling the Technology Revolution
- Author:
- Daniel F. Runde, Romina Bandura, and Sundar R. Ramanujam
- Publication Date:
- 06-2019
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- The current technological revolution, more commonly referred to as “Industry 4.0” or “The Fourth Industrial Revolution – (4IR),” is rapidly disrupting and transforming economic institutions, social norms, and political systems.1 Globally, the interaction of different technologies such as automation, robotics, artificial intelligence, and others (Figure 1) can have a profound disruption in terms of the “velocity, scope, and systems impact.”2 The developing world has a unique opportunity to harness the potential of these transformations and increase global prosperity, efficiency, and quality of life.
- Topic:
- Development, Science and Technology, Finance, and Revolution
- Political Geography:
- Global Focus