This is generating a new set of opportunities for growth and better jobs through labor and skills policies but also concerns if policymakers do not react to demographic shifts. Similarly, climate change is already generating significant disruptions, threatening livelihoods, and generating displacement, while at the same time opening new opportunities in greener economic activities for those with the necessary skills and inputs to clench them.Ī new demographic landscape is developing – through aging in some parts of the world or youth bulges in others. They are changing how skills are rewarded and create large uncertainties in terms of which skills will remain relevant in the medium to long term. Technological change and globalization have created unparalleled economic opportunities and challenges while shaping a new geography of jobs. The global agenda on poverty and shared prosperity hinges in large part on the number and quality of jobs people have.Įven before the disruption caused by the ongoing COVID-19 pandemic, the world was changing rapidly and that is true for the nature of work and how we acquire skills on- and off- the job.
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