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Enabling a sustainable Fourth Industrial Revolution: How G20 countries can create the conditions for emerging technologies to benefit people and the planet

Author

Listed:
  • Herweijer, Celine
  • Combes, Benjamin
  • Johnson, Leo
  • McCargow, Rob
  • Bhardwaj, Sahil
  • Jackson, Bridget
  • Ramchandani, Pia

Abstract

The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realization that the 4IR could also exacerbate problems for people and the planet. The G20 should champion a holistic approach to the 4IR that helps to address society's environmental and social challenges. This means both mitigating unintended adverse consequences of change and maximizing positive social and environmental benefits. The G20 should explore, and recommend, governance structures and policy mechanisms to ensure governments have the agility and ability to keep pace with the 4IR, and harness innovations that promise the greatest social and environmental returns.

Suggested Citation

  • Herweijer, Celine & Combes, Benjamin & Johnson, Leo & McCargow, Rob & Bhardwaj, Sahil & Jackson, Bridget & Ramchandani, Pia, 2018. "Enabling a sustainable Fourth Industrial Revolution: How G20 countries can create the conditions for emerging technologies to benefit people and the planet," Economics Discussion Papers 2018-32, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwedp:201832
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    Citations

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    Cited by:

    1. Liu, Fangying & Su, Chi Wei & Tao, Ran & Qin, Meng & Umar, Muhammad, 2024. "Fintech and aluminium: Strategic enablers of climate change mitigation and sustainable mineral policy," Resources Policy, Elsevier, vol. 91(C).
    2. Shahbaz, Muhammad & Nasir, Muhammad Ali & Hille, Erik & Mahalik, Mantu Kumar, 2020. "UK's net-zero carbon emissions target: Investigating the potential role of economic growth, financial development, and R&D expenditures based on historical data (1870–2017)," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    3. Elheddad, Mohamed & Benjasak, Chonlakan & Deljavan, Rana & Alharthi, Majed & Almabrok, Jaballa M., 2021. "The effect of the Fourth Industrial Revolution on the environment: The relationship between electronic finance and pollution in OECD countries," Technological Forecasting and Social Change, Elsevier, vol. 163(C).

    More about this item

    Keywords

    technology; structural policy; innovation; disruption; Fourth Industrial Revolution; environment; climate change; sustainability; externalities; social change; policy; economic transformation; structural change; governance; G20;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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