Industrialization and Growth in Digital Age: Disruptions and Opportunities for Employment Led Growth in Asia and Africa
By Anita Prakash
Digital economy will affect the patterns and geographical location of industries, employment, trade and economic growth. Structural transformation and employment generation policies in developing Asia and Africa must understand, prepare and respond to these changes. Investments in industrialization and manufacturing will continue to drive an employment led growth in Asia and Africa. Countries in different stages of development can address the opportunities and disruptions arising in the employment sector through development strategies that focus on technology aided industrialization, trade and investment facilitation, physical and institutional connectivity and investment in human capital. G20 countries can support their efforts by creating the right business, training and trade facilitation ecology.