{"id":157469,"date":"2018-04-10T12:46:33","date_gmt":"2018-04-10T14:46:33","guid":{"rendered":"https:\/\/anba.com.br\/?p=157469"},"modified":"2018-04-10T13:34:35","modified_gmt":"2018-04-10T15:34:35","slug":"education-pillar-industry-4-0","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/education-pillar-industry-4-0\/","title":{"rendered":"Education the pillar of industry 4.0"},"content":{"rendered":"

Dubai \u2013 Investment in education is the key requirement in order for a country to be competitive in so-called industry 4.0,\u00a0i.e.\u00a0economic activity straddling\u00a0the digital, physical and virtual realms, as put by the term\u2019s coiner, Switzerland\u2019s Henrik Von Scheel. \u201cYour phone has more resources than the spaceship that went to the moon,\u201d he said this Tuesday (10) at the Annual Investment Meeting (AIM), a conference on foreign direct investment (IED) taking place in Dubai, United Arab Emirates. \u201cThe virtual world is real in the digital world, which is real in the physical world,\u201d he said.<\/p>\n

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Scheel is considered the conceptual mastermind of industry 4.0<\/figcaption><\/figure>\n

Scheel delivered a lecture and sat in two panels. Education was named by virtually all speakers as a crucial ingredient for a country to transition into industry 4.0. \u201cIt takes a high level of educated people to maintain it,\u201d said Lee Gibson Grant, who specializes in cryptocurrency and blockchain technology. \u201cPeople need education and training before they can perform a new type of work,\u201d he added.<\/p>\n

The widespread consensus is that industry 4.0 will render traditional jobs obsolete through advances in automation, robotics, biometrics, artificial intelligence and other technologies. A good example in our days is the development of driverless vehicles, which can directly affect taxi drivers and drivers in a broad sense. This means people will need to be trained to do different types of work. \u201cJobs will become extinct, but competencies won\u2019t,\u201d said Saudi Arabia\u2019s Fatima Al Arabi, a manager and investment consultant and the founder of Alaf Capital.<\/p>\n

Along similar lines, Antti Aumo, the executive vice president with\u00a0agency Invest in Finland,\u00a0discussed his own country: \u201cWhile Finland has a high-technology industry, 100 years ago it was a poor, predominantly agricultural country. Over time, we educated our population, and we did it well,\u201d he said.<\/p>\n

This doesn\u2019t mean the Scandinavian nation\u2019s adaptation to the new era was trouble-free. According to Aumo, Finland was a latecomer in moving into industry 4.0, due to its high production costs, and it wound up losing industries to other countries.<\/p>\n

\u201cWe lost 200,000 jobs in traditional industries over the past few years due to costs, and this was in a country with a population of 3.5 million,\u201d he said. Industry 4.0 is also an effect of globalization, so in addition to the integration of platforms and technologies, it creates competition among countries that want to attract it. \u201cThis is a huge opportunity for emerging countries,\u201d said Scheel.<\/p>\n

Portugal is one such country. \u201cPortugal didn\u2019t realize that any of the three industrial revolutions were happening until years afterwards. Now, we\u2019ve decided to be part of the fourth one,\u201d said Jo\u00e3o Vasconcelos, a former secretary of State for Industry with the Portuguese government and currently a senior adviser with Clearwater International. He was responsible for a program focusing on industry 4.0 and startup businesses in Portugal. \u201cThat was important in order to attract investment as well as maintain our traditional industries,\u201d he said.<\/p>\n

The deputy executive secretary at the United Nations Economic Commission for Latin America and the Caribbean (Eclac), Mario Cimoli said governments cannot stick to the usual policies when it comes to getting people to invest in industry 4.0. \u201cWe need new educational policies, up-to-date platforms in information technology, communication and regulation,\u201d he said.<\/p>\n

Jake Zeller, a partner at AngelList, an investment platform targeting startups, agreed: \u201cInvest in education and put in place regulations that are favorable to startups.\u201d<\/p>\n

World Bank\u00a0<\/strong><\/p>\n

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Kusek: conclusions apply to all countries<\/figcaption><\/figure>\n

Earlier in the day, World Bank senior economist for Investment Climate Peter Kusek presented key results of the latest Global Competitiveness Report. He revealed that investors responding to a poll said relevant factors for countries to attract investment are a good business environment and political stability.<\/p>\n

\u201cForeign direct investment (FDI) is conducive to development, as well as the primary source of external funding for many developing countries,\u201d he asserted. \u201cFDI is beneficial to both the source and recipient economies,\u201d he said.<\/p>\n

The report also concluded that investors in developing countries are likelier to invest in higher-risk places. As a rule of thumb, however, investors look for legal safety, freedom to transfer funds and predictability, but oddly enough, fiscal incentives are no longer relevant when weighing risk against return.<\/p>\n

\u201cThese conclusions apply to all countries,\u201d Kusek told ANBA. \u201cThe investment a country must attract, however, is that which seeks efficiency, exports and innovation, for those will help development and diversification, and add value to the economy,\u201d he said.<\/p>\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Alexandre Rocha\/ANBA<\/div>\n
Alexandre Rocha\/ANBA<\/div>\n","protected":false},"excerpt":{"rendered":"

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