Now, the world enters the epoch of Industry 4.0, an era of deep and rapid changes: technological, economic and social ones.
A new technological pattern dramatically changes the way we work, exercise our civil rights, bring up our children.
Amid a new technological revolution facing the world, human capital assets - knowledge, abilities and patriotism of citizens - become the main wealth of our country.
The first modern urban centers in Kazakhstan will be the largest cities of Nur-Sultan and Almaty, followed by Shymkent and Aktobe. They should also become centers of science, investment and population. They are expected to provide high-quality educational, medical, social and cultural services.
The Astana Economic Forum –
is an annual business highlight of Eurasia.
For 11 years of its operation, the Astana Economic Forum (AEF) has gained a status of one of the most influential international platforms for discussing the recovery and development of the global economy and financial system. The Forum was attended by about 50,000 delegates from 150 countries across the world, among them are over 20 Noble Prize Winners and 30 top-level foreign politicians.
In the framework of the congress, more than 300 memorandums and agreements were signed and totaled over US$ 20 billion.
The Forum’s speakers at different times were politicians, scientists and economists, journalist and international community leaders, representative of international organizations, financial institutions and business elites.
The AEF’s topics are annually updated and cover a wide range of challenges and tasks of global development, as well as set the points for extensive discussion.
The rapid and fundamental changes in the countries’ economies, social sector, digital technologies, production and consumption, as well as technological transition occurring beneath our eyes laid the basis for the current topic of the Astana Economic Forum - INSPIRING GROWTH: PEOPLE, CITIES, ECONOMIES
PEOPLE, CITIES, ECONOMIES
The human capital assets are one of the key factors determining the level of income across the world. The countries investing in development of these assets have the scientific and technological base ensuring the long-term competitiveness and economical sustainability.
According to the Global Human Capital Assets Report by WEF, only 62% of the human potential in terms of acquiring of new skills and knowledge and their productive application are used worldwide.
Based on the experts’ estimates, in future the world will transit from the economy of knowledge to the economy of human assets. Human qualities, which cannot be programmed (such as creativity, nature and cooperative spirit), will be the core values.
ТHistorical cities were the productivity drivers and will be of high importance for further growth.
Under globalization, the role of competitiveness of the cities arises.
The key factors of the cities’ competitiveness are the quality of business and institutional environment, human capital assets and living standards..
By 2050, approximately 70% the world’s population will live in cities. There are essential distinctions in the cities’ ability to come to the terms with the global mega trends (rise in the population, development of economy of knowledge and rise in the income inequality.
The Industry 4.0 is fundamentally changing the production, consumption and business models of the global economy, sets new requirements to the global value-added chains, national institutions and labor market.
According to the IMF’s estimates, on a short-term horizon the balance of global risks jeopardizing the slowdown of the global economic growth moved towards decline.
The rising strain and conflicts in the trading environment, geopolitical challenges and all the more political uncertainty may lead to drop in the global GDP for over US$ 400 billion and decrease in the capital flow to the emerging market counties.