Technology is why Asia has developed

Why technological progress is the secret to Asia’s development

It is common knowledge that technologies play a key role in making economies more productive. The continent of Asia presents us with the perfect case study to prove this. Throughout Asia there are high yielding crop varieties in agriculture, modern machines used in manufacturing, and new information and communication technologies used in services. All of which have done worlds to support food security, dramatically curb poverty, and improve the labor market conditions.

We have seen a growing concern about new technologies, such as Robotics and
AI, rendering many occupations obsolete. So the question is, how will the
introduction of new technology impact developing Asia’s ability to create more
and better jobs?

Weforum highlights one of their new reports, which argues that today’s
advanced economies were able to negotiate the job displacement created by
the introduction of new technologies, and that developing Asia will be able to
do the same.
(For the full story click here)

iAID Perspective

Technologies develop faster than we can grasp or understand how they will
affect our lives. The unknown often causes fear and rejection. One of these
more omnipresent generalistic ones is the fear that technology will cause an
aggressive loss of jobs and income, causing widespread insecurity. The article
by Rana Hasan (Director of the Economic Research and Regional Cooperation
Department, Asian Development Bank), is beautifully reviewng what has been
told by historians and experts lately. The argument that eventually,
technologies advance our lives, and the overall system finds a way to balance
itself, creating new opportunities that we perhaps cannot see from our current
viewpoint. It is in our minds at iAID, that it is important to openly discuss
these fears, while continuously advancing and exploring how each
technological step is changing our entire society. Our role is not to simply
make sure technologies are well invented or implemented, but rather to see the
human in the center. In the end, making sure that we take into account the
entire ecosystem.
-Nir Tenenbaum, iAID Co-Founder and C.I.O

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