Integrating technological revolution and human capital From World Bank report
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The human capital challenge in South Asia is one of the most serious challenges in the world. These include severe malnutrition of children, serious lack of early learning, the continuing burden of infectious diseases, the loss of women’s rights and widespread structural inequality.
By the end of August 2020, 4.4 million infections and 75000 deaths had been reported in the region during the first few months of the pandemic. The scale of direct and indirect effects was emphasized, and preventive and health services were transferred to fight COVID-19, which led to the deterioration of the health of the most vulnerable groups.
In terms of education, schools will be generally closed in 2020, and this loss has been at a low level before the new crown pandemic. In 2020, the blockade measures adopted by South Asia in the first few months of the new crown pandemic were more stringent than those in Europe or North America, affecting nearly 400 million children and disproportionately negatively affecting girls. It is preliminarily estimated that the loss of income per student is $4400, equivalent to 5% of the total income.
At the same time, the pandemic has led to alarming unemployment and immigration disruption, which will have long-term economic consequences. South Asia lost about 50 million jobs in the first phase of the pandemic.
The top priority in South Asia is how to contain the impact on human capital and recover rapidly from the epidemic, so as to ensure rapid progress in achieving better and more equitable results.
In addition, the deeply integrated technological revolution sweeping the world before the new crown pandemic is changing the relationship between technology and human capital, accelerating the achievements of human capital by creating a large number of new opportunities, and generating new and huge risks to make it more complex. This fusion revolution is characterized by the combination of virtual, physical, biological and cognitive technologies with the power of big data, machine learning and artificial intelligence (AI).
In addition to these positive developments, it also has a huge impact on human capital empowerment, because a variety of applications and devices are collecting data from individuals and social groups, and artificial intelligence is automatically analyzing data from different sources.
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