ADB seminar discusses challenge of technological change, globalization, jobs in Asia

MANILA, May 4 (Xinhua) -- A high-level Asian Development Bank (ADB) seminar held on Friday discuss on new technologies challenge for industries and groups of workers in fields including robotics and artificial intelligence as Asia and the Pacific seek inclusive and sustainable economic growth.

"Advances in new technologies will raise incomes and increase demand from Asia's rising consumer class," ADB President Takehiko Nakao said at the seminar during ADB's 51st annual meeting in Manila, Philippines.

"countries that maintain flexible policies, support improvements to education, and put in place a stronger social safety net will be well positioned to take advantage of change that new technologies will bring to the region."

The seminar, themed Technological Change, Globalization, and Jobs in Asia, had as panelists Philippines Finance Secretary Carlos Dominguez, Indonesian Finance Minister Sri Mulyani Indrawati, Japan Deputy Prime Minister Taro Aso, and Fiji Attorney-General and Minister for Economy, Public Enterprises, Civil Service, and Communications Aiyaz Sayed-Khaiyum.

The participants shared experiences and issues from their countries' perspectives. Enditem