Adoption of Fourth-Industrial-Revolution (4IR) technologies in sub-Saharan Africa could bring not only substantial economic growth and welfare benefits, but also social and economic disruption, including widening inequality if countervailing policies are not adopted, as discussed in our recent report. With a high share of the labor force working informally--a trend expected to continue for several decades--Africa's education and industrial policies need to strike a balance between encouraging private inves
To complete the process, please follow the instructions in the email we just sent you.Continuing to expand the coverage of mobile banking and other fintech services, including the development of interoperable payment systems within countries and across the continent.
Avoiding the temptation to subsidize the adoption of non-essential labor-saving technologies in the private sector. Meanwhile, aggressive policies to attract more private investment in tertiary education, to meet projected needs for high-skilled labor will be critical. The experience of the OECD countries, especially the U.S., suggests that 4IR technology is not an inherently benign change agent. Unequal employment and earnings outcomes have been observed. African countries cannot--and should not--avoid 4IR technology given the potential to accelerate economic transformation in Africa. However, countries should also consider their options for increasing inclusion, especially in countries where the level of inequality is already high.
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