Adapting to the New Transformation of the Economy
Increasing signs suggest that the economy is in the process of a significant restructuring process. Technology-led transformations are no longer limited to technology-related sectors and are beginning to impact structural sectors, including manufac...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/641831482144791967/Adapting-to-the-new-transformation-of-the-economy http://hdl.handle.net/10986/25871 |
| Summary: | Increasing signs suggest that the
economy is in the process of a significant restructuring
process. Technology-led transformations are no longer
limited to technology-related sectors and are beginning to
impact structural sectors, including manufacturing,
retailing, transportation, and construction. This change has
potentially significant implications for the competitiveness
of countries, business, and people. Some countries are
starting to react to these economic changes in order to
maintain their competitiveness. Most of these countries,
however, are developed countries. If emerging economies want
to remain competitive, they will also need to adapt to these
economic trends. This paper presents policy areas for
countries to prepare these economies to technology changes
in order to maintain competitiveness and the creation of
employment and growth. |
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