Mahmoud MohieldinSenior Vice President

Partnerships for the 2030 Agenda:

Role of Science, Technology, and

InnovationUnited Nations University

October 18, 2018Tokyo, Japan

@wbg2030worldbank.org/sdgs0

Global Megatrends

1

Global Megatrends

Fragility and violence

Demographic transitions and Urbanization

Renewed debate about globalization

Technological changes

Market volatility and commodity cycles

Climate change

Shifts in the global economy

2

Demographic Transitions and UrbanizationGlobal Working Age Population and Urbanization are Increasing

Source: World Development Indicators, World Bank

55

60

65

70

1960

1965

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

2025

World Advanced Economies Emerging Market and Developing Economies

Percent of total population that is working age

55.060.065.070.075.080.0

1968

1973

1978

1983

1988

1993

1998

2003

2008

2013

Life Expectancy in Asia and the World

East Asia & Pacific World

Source: GlobalPost, 2014

Source: World Bank Global Economic Prospects, 2018 3

Fragility and Violence

Source: World Bank 2017

Number of people killed by violent conflictNumber of conflicts, by type

Violent conflict is increasing and becoming more complex

The global forcibly displaced populationThe crisis primarily affects the developing world

4

Source: Building Resilience report, World Bank, 2014

Climate change and resources

Percentage point increase in poverty rateClimate change could raise extreme poverty rates substantially by 2030

Development progress needs to integrate resilience to avoid undoing hard fought development gains

5

Commodity price indexes, annual

Market Volatility and Commodity Cycles

Source: Commodity Markets Outlook, World Bank, 2018

6

6

According to Oxford University47% of jobs in the US will disappear in the next 25 years

Source: GSMA Intelligence (2017), World Bank – World Development Indicator (2017)See Annex, pp20-24 for additional data on the emerging digital divide and trends in the digital sector

The Impact of TechnologyChanging Demand for Changing Skills

Source:21 Jobs of the Future, A Guide to Getting – and Staying – Employed Over the Next 10 Years, Center for the Future of Work, 2017

Source: Presentation by Ben Pring, The Future of Labor & Work in a Post Bretton Woods World, September 2018

7

Impact of TechnologyGrowth of the Global Labor Force

Industrial Jobs are Falling in the West and Rising in the East

Source: World Bank World Development Report 2019: Changing Nature of Work 8

Impact of TechnologyBoundaries of Firms Are Changing Rapidly

Source: World Bank World Development Report 2019: Changing Nature of Work 9

Reflections on MultipolarityChannels of growth spillovers from a growth pole

Source: Multipolarity: The New Global Economy, World Bank, 2011 10

Renewed Debate about GlobalizationGlobal Gross Financial Flows, 1990-2016 (percent of world GDP)

0%

5%

10%

15%

20%

25%

30%

Merchandise Trade % of GDP

FDI Flows % of Investment

Trade and FDI depth through 2016

Source: Braga, 2017

Source: Ghemawat, 201711

A FrameworkTechnology Drives the Pace and Scope of Change

• Taking advantage of the opportunities and mitigating the risks of global megatrends will require an enabling policy framework

• Harnessing the impact of technological changes requires a comprehensive policy framework

Invest in infrastructure

Invest in human capital

Enablers

Achieving the SDGs

Data Finance STI

Invest in resilience, incl social protection

Source: Adapted from World Bank World Development Report 2019: Changing Nature of Work 12

Meeting the SDGs:Human Capital, Resilience,

Infrastructure,and Technology

13

Source: New Growth Models, World Economic Forum, 2014

Inclusive Growth for Sustainable Development

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Investing in Human Capital

Launched in October during World Bank Group Annual Meetings Building blocks of the human capital:• Survival – Will kids born today

survive to school age? • School – How much school will

they complete and how much will they learn?

• Health – Will kids leave school in good health and be ready for further learning and/or work?

15

15Source: Human Capital: A Project for the World, World Bank , 2018

Ratings in First Human Capital Index

Social protection and labor

regulation can help manage labor market

challenges

Investing in Resilience16

Source: World Bank World Development Report 2019: Changing Nature of Work 16

Source: SDG Atlas, World Bank, 2018

17

Investing in Resilience

17

18

Investing in Infrastructure

1E+111.5E+11

2E+112.5E+11

3E+113.5E+11

4E+11

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Infrastructure Outlook: Africa

Current trendsInvestment needInvestment need inc. SDGs

1.3E+121.5E+121.7E+121.9E+122.1E+122.3E+12

Infrastructure Outlook: Asia

Current trendsInvestment needInvestment need inc. SDGs

Source: Global Infrastructure Hub, 2018 18

World Bank Group’s Technology VisionSupporting Clients to Maximize Technology Benefits

19

Data is a Problem, even in Canada

Source: Who and what gets left behind? Assessing Canada’s domestic status on the sustainable development goals, Brookings, 2017

0

5

10

15

20

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Seventy-eight of 169 SDG targets describe potentially assessable

outcomes for Canada

Not able to assessProxy targetCanadian national targetQuantified SDG target

20

SDG Interlinkages and Data VisualizationThe case of Japan

Japan’s goals interlinked to SDG 1

21

A LARGE POOL OFPRIVATE CAPITALIS YET TO BECATALIZED

WITH JUDICIOUS USE OFSCARCE PUBLICAND CONCESSIONALRESOURCES

Finance for the SDGs will need to come from multiple sources

22

Financing sustainable development:“Digitization” is disrupting every part of financial services

23

Source: World Bank Group, 2017 23

Develop Robust Financial and Data Infrastructure to Sustain Fintech Benefits

Ensure Stability of Domestic Monetary and Financial Systems

Maximizing Fintech’s PotentialOpportunities, Challenges, Risks

Enable New Technologies to Enhance Financial Service Provision

Adapt Regulatory Framework and Supervisory Practices for Orderly Development and Stability of the Financial System

Modernize Legal Frameworks to Provide an Enabling Legal Landscape Enhance Collective Surveillance

of the International Monetary and Financial System

Monitor Developments Closely to Deepen Understanding of Evolving Financial Systems

Reinforce Competition and Commitment to Open, Free and Contestable Markets

Safeguard the Integrity of Financial Systems

Encourage International Cooperation and Information Sharing

Foster Fintech to Promote Financial Inclusion and Develop Financial Markets

Embrace the Promise of Fintech

Source: The Bali Fintech Agenda, World Bank, 201824

STI for Implementation

Digital education creates classrooms at scale and connects world-class teachers to students who need them most

E-health can serve some of the neediest patients in the world’s hardest to reach places

Digital financial services provide new opportunities for SME savings, credit, and insurance thereby spurring expansion

Digital payments and monitoring enable off-grid, renewable energy sources to be deployed years in advance of traditional approaches

Source: Presentation to the UAEU, Mohieldin, 2017 25

Japan’s Commitment to Sustainable Development Goals

26

WBG Partnership with JapanStrong and Steadfast Development Partnership over 55 years

Current priority topics include Health, disaster risk management, and infrastructure and urban development

Opened WB Tokyo Development Learning Center in 2004

Japan is the second largest share-holder (7.2% in IBRD)

Japan borrowed total USD 863 million for 31 projects in 1950s and 60s. Repayment completed in 1990

Japan joined the World Bank in 1952

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28

Source: 2030 Agenda, MoFA 28

Japan’s Voluntary National ReviewFive Ps: People; Prosperity; Planet; Peace; Partnership

29

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Development of Rapid Diagnostics and the Establishment of an Alert System for Outbreaks of Yellow Fever and Rift Valley Fever in Kenya (2011-2016)

Diagnostic technology developed in Nagasaki University to produce affordable and rapid diagnostic kits that facilitate early identification of disease outbreaks.

An outbreak early warning system through the use of mobile phones (mSOS) was established to effectively and rapidly relay information from peripheral areas to the central government in collaboration with WHO and other international partners.

Japanese Support to SDGs Newest Innovations to Support Most Difficult Problems

Source: Book of Japan's Practices for SDGs - Creating Shared Value by STI, Business and Social Innovation, 2017. 30

31 SDGs Japan

Japan Civil Society Network on SDGs (SDGs Japan) is a non-government organization supporting the efforts to accelerate the implementation of the SDGs in Japan.

31

Partnerships with Japanese Academic Institutions

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KEIDANREN’S VISION OF “SOCIETY 5.0 FOR SDGS”33

Achieving SDGs will demand that private companies exercise their powers of creativity and innovation.

If a diverse mix of stakeholders comes together in forging organic links among these innovative offerings and other revolutionary technologies, products, and services, Keidanren’s vision of “Society 5.0 for SDGs” will come to fruition.

Source: Keidanren 33

From Industry 4.0 to “Society 5.0”

Source: Keidanren

Evolution of Societies up to Society 5.0

Society 5.0: A Super Smart Society where social challenges can be resolved by incorporating the revolutions of the Fourth Industrial Revolution (IoT; Big Data; Artificial Intelligence; Robotics) into every industry and social life

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STI for Implementation

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Mahmoud MohieldinSenior VP

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