UAEU

Development and Disruptive Technology

Mahmoud MohieldinSenior Vice President

World Bank GroupFebruary 14th, 2018

@wbg2030

worldbank.org/sdgs0

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The 4th industrial Revolution.

Source: Adapted from World Economic Forum, 2017

Technology Reaches People Faster

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Telephone(1878)

Mobile(1979)

Internet(1990)

Facebook(2004)

Whatsapp(2009)

Instagram(2010)

1878

1979

1990

2004

2009

2010

Number of years to reach 100 million users

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Disruptive Technology – opportunities and threats for humanity

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Data is the new oil

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Capitalism without Capital

Haskel, Jonathan, and Stian Westlake. “The Rise of the Intangible Economy.” Capitalism

without Capital: the Rise of the Intangible Economy, Princeton University Press, 2018.

Capitalism without Capital

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Digital solutions are transforming the delivery of products and services

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Energy Solutions

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Health Solutions

Financial Inclusion Solutions

Source: Suri, T. “The Long-Run Poverty and Gender Impacts of Mobile Money” Science 2016; McKinsey; Central Bank of Kenya; World Bank17

Digitization is Disrupting Every Part of Financial

Services

Source: World Bank Group, 2017 18

Exponential changes in IT

are disrupting industries

and creating new opportunitiesWhy Blockchain ?

Drones

Artificial

Intelligence

Blockchain &

Distributed Ledger

Technologies

Big Data

&

Analytics

Internet

of Things

Platform

Revolution

Applications :

• Finance (e.g. remittances;

P2P Payments)

• Record Keeping

• Identity Management

• Smart Contracts

• Sharing Economy (P2P

market)

• Crowdfunding

• Governance

• Supply Chain Auditing

• Protection of Intellectual

Property

• Land Titling Registration

Cloud

Computing

Robotics

Quantum

Computing

Transparent

Decentralized

Immutable

Cost Effective

Robust

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Digital disruption will impact countries differently and could

exacerbate global inequality

Source: Cirera; Maloney, The Innovation Paradox, 2017

The Capability to Innovate in 1900

Drives Income Levels Today

The Capabilities Escalator

LeapfroggingDisruptive Innovation

Source: Dassault Systemes, 2017Source: CodigoDelSur, 2017

Harnessing the Digital Dividend

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As automation substitutes for labor across the entire

economy, the net displacement of workers by machines

might exacerbate the gap between returns to capital

and returns to labor

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McKinsey estimates that roughly half of all jobs are at risk of

being automated - and that’s just with the technologies we have

today.

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Fast rising aspirations and technology is changing the nature of work.

Countries will not be able to compete unless they invest much more,

and more effectively, in people.

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The Human Capital Project

"This year, for the first time, we are

including human capital in our

measurement of the wealth of nations.

Human capital is about 65% of the

wealth in high-income countries and

only 40% in low income countries. We’re

helping low income countries overcome

this – and there is a sense of urgency –

not only because we’re facing several

current human capital crises, but also

because accelerations in technology will

require countries to urgently invest in

their people if they hope to compete in

the economy of the future. “

Jim Kim

President, World Bank Group

The 2030 Agenda and the

Sustainable Development Goals:

An Opportunity for

Transformation

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An Opportunity for Transformation:From MDGs to SDGs

The global development agendas serve as a compass and guide for countries to determine their national

development path

MDGs(2000-2015)

SDGs (2016-2030)

Goals 8 17

Targets 21 169

Indicators 60 ~231

Priority Areas Human Development Holistic: Economic, Social, Environmental

Scope Developing Countries Universal

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Harnessing Science, Technology and

Innovation to achieve the

Sustainable Development Goals

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There are two main means of implementation to achieve the SDGS

➢ Mobilizing the necessary financial

resources aka Financing for

Development - public, private,

international and domestic

➢ Science, Technology and

Innovation (STI)

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Perspectives from 100s of Scientists on STI impact on the

implementation of the SDGs

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Tech is cross-cutting across SDGs

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Direct impact of growing mobile industry to SDGs

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Globally, 2.5 quintillion bytes of data are created every day. With the expansion of digital

technologies like the Internet of Things, mobile and cloud, big data creation will only

grow. There are significant development opportunities if leveraged properly to its full

potential.

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“ The Best Way to Predict the Future is to Create it”Alan Kay, Computer Scientist

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Today is the slowest day of innovation we will

experience for the rest of our lifetimes.”

Rob Nail, Singularity

Mahmoud MohieldinSenior VP

Thank Youworldbankgroup.org/sdgs

Follow us on twitter @WBG2030

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