In sharp contrast to the pessimism of the 1970s, when real income per head was forecast to rise by no more than 1.3% a year throughout that generation, living standards in advanced countries have experienced a golden age of growth in which the global per capita growth rate has averaged around 1.8% per annum. Within the next decades, the global economy will pool a colossal volume of resources, labor, and capital from almost every corner of the world, producing economic miracles in emerging and developing countries by connecting previously isolated markets and improving the efficiency of production, contributing more than 50% of global economic growth. A communal transfer of the spirit of technological innovations, together with the enjoining of sustainability when coping with the last frontier challenges, outlines a mechanism of a simultaneous sequence that modern society should indispensably follow. Heading into economic hardships, the remarkable advances in information and communication technologies will have been a beacon of hope for the international community to pursue economic growth through shared creation, mutual sufficiency, and fair allocation while integrating calls for action, as digital technologies can boost economic performance, create high-quality employment, and make further spending on smart and green growth. Furthermore, economic activities in times of digital can be flexible, innovative, capital-scarce, and able to rejuvenate traditions and cultures, affirming the sustainability concept launched in reports over the decades. The only challenge that society needs to figure out is to promote a global narrative of stakeholders’ collaboration combined with enduring humanistic and progressive approaches so that all countries and people know and grasp the golden prospects that are pillars of the SDGs in line with Industry 4.0, fostering equitable, inclusive, and environmentally friendly growth.

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Green Growth in the Digital Era: The Convergence of Technology, Sustainability, and Economy

  • Wasswa Shafik

摘要

In sharp contrast to the pessimism of the 1970s, when real income per head was forecast to rise by no more than 1.3% a year throughout that generation, living standards in advanced countries have experienced a golden age of growth in which the global per capita growth rate has averaged around 1.8% per annum. Within the next decades, the global economy will pool a colossal volume of resources, labor, and capital from almost every corner of the world, producing economic miracles in emerging and developing countries by connecting previously isolated markets and improving the efficiency of production, contributing more than 50% of global economic growth. A communal transfer of the spirit of technological innovations, together with the enjoining of sustainability when coping with the last frontier challenges, outlines a mechanism of a simultaneous sequence that modern society should indispensably follow. Heading into economic hardships, the remarkable advances in information and communication technologies will have been a beacon of hope for the international community to pursue economic growth through shared creation, mutual sufficiency, and fair allocation while integrating calls for action, as digital technologies can boost economic performance, create high-quality employment, and make further spending on smart and green growth. Furthermore, economic activities in times of digital can be flexible, innovative, capital-scarce, and able to rejuvenate traditions and cultures, affirming the sustainability concept launched in reports over the decades. The only challenge that society needs to figure out is to promote a global narrative of stakeholders’ collaboration combined with enduring humanistic and progressive approaches so that all countries and people know and grasp the golden prospects that are pillars of the SDGs in line with Industry 4.0, fostering equitable, inclusive, and environmentally friendly growth.