Question
How does technology impact employment prospects in developing countries?
Answer
Technology presents a dual impact: it creates new high-skilled jobs in sectors like IT and digital services while also displacing jobs in routine and manual labor. For developing countries, leveraging technology requires investing in digital infrastructure and skills training to ensure their workforce can adapt and benefit from the opportunities, rather than being left behind.
From World Bank President Ajay Banga: Why Jobs Drive Global Economic Stability by Nikhil Kamath
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