The Fourth Industrial Revolution (4IR) offers huge potential to transform and realign our economies and societies. There is an increasing realisation that the 4IR could also exacerbate problems for people and the planet.
This article sets out how 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 maximising positive social and environmental benefits.
The G20 should also 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.