The pandemic has significantly accelerated the global spread of technologies associated with the so-called Fourth Industrial Revolution (4IR), among them artificial intelligence, the internet of things (IoT), big data and blockchain. In sub-Saharan Africa many now see the 4IR as key to the region’s recovery.
What is driving Growth in Emerging Markets?
Andrew Jeffreys, CEO, Oxford Business Group
Andrew Jeffreys, the CEO and Editor-in-Chief of Oxford Business Group, has identified three main drivers of growth in emerging markets: trade, diversification and human capital. As the list of new economic zones and regional blocs continues to expand, and worldwide trade increases with it, economies are focusing anew on diversifying their sources of income and are channelling resources into the non-oil sector. Sectors such as tourism, finance, health care and construction are seeing massive growth. Education, too, is another growth story, as a highly qualified labour force skilled in vocational and technical training will be necessary to keep up the pace. In this video, Andrew Jeffreys discusses each component of growth in detail.