Nepal Is Closely Following the Fourth Industrial Revolution Under Way ! Nepal fastest development

Nepal Is Closely Following the Fourth Industrial Revolution Under Way ! Nepal fastest development #nepalfourthindustrailrevolution #nepal #worldindustrialrevolution #development #nepaldevelopment Dr. Leonel Fernández Reyna, former president of the Dominican Republic and President of Fundación Global Democracia y Desarrollo, presented his vision about “The global and regional challenges of the 4.0 world,” where he highlighted the need to facilitate access to technology for all citizens. His observations are a clarion call to the international community as the world stands on the precipice of a great tectonic shift caused by the Fourth Industrial Revolution currently underway. The impact of the new technologies that are fusing the physical, digital and biological worlds on humankind will be phenomenal. It will most certainly alter the way people live, work, and relate to one another. Emerging fields like artificial intelligence, nanotechnology, quantum computing, robotics, biotechnology, the Internet of Things, 3D printing, autonomous vehicles etc. are at the heart of the Fourth Industrial Revolution. #deputyprimeministerofnepal #unido Ex-Deputy Prime Minister of Nepal and Jainendra Karn. Industrializing in the digital age, UNIDO’s Industrial Development Report 2020, argues that these new technologies are at the core of successful inclusive and sustainable industrial development. They enable the creation of new goods and product innovations, which lead to the emergence of new industries – and the jobs and incomes that come with them. However, the report notices that just ten countries account for 90% of all global patents, and 70% of all exports, directly associated with the advanced digital production (ADP) technologies that are driving the Fourth Industrial Revolution. The leader is the United States, while Japan, Germany, China, Taiwan and South Korea are in Asia, France, Switzerland, the United Kingdom, and the Netherlands are in Europe. Strangely there is no country from Africa, Mid East or South America, making most of the world largely excluded from technological breakthroughs. This shall create a significant digital divide between the Developed and Developing Countries as most developing countries face barriers in adopting the necessary technologies and helping them counter these barriers will require an international effort. During our meeting with Mr. Bimalendra Nidhi, the ex-Deputy Prime Minister of Nepal who apprised us that he has been keenly following the developments in the field ever since he read about the First Seminar of the Digital Creative Industries which was held in the City of Santo Domingo, the Dominican Republic in 2014. Mr. Bimalendra Nidhi mentioned that progress in evolving technologies and the Fourth Industrial Revolution could bring transformative changes in the economic development of the least developed countries (LDCs) if they are able to access advanced technologies. However, there is a very high possibility that there will be adverse impacts on local jobs. As industries and businesses start using automation processes and sophisticated technologies, low end jobs will be affected. The disruptions in the labour market will cause inequality to rise. #kamalhaiyaar