Unleashing peoples' potential

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Technological change is extraordinary in its magnitude and speed. The emergence of new technologies has led to the development of new forms of work that are rapidly changing production processes worldwide. This offers huge opportunities to accomplish fair and sustainable development; yet it also presents challenges that are putting pressure on the employment, welfare and education agendas.

Policy responses need to ensure that embracing technological change will not engender exclusion, social disintegration, or backlash. Providing these responses in a coordinated manner will also help prevent excessive gaps in technology adoption across countries and surging inequality among them. 

We need to create the conditions for more and better jobs. We need to provide tools and skills to those people looking for a job and those whose jobs are at risk of being replaced by automation. We should explore global initiatives that ensure that everyone has a chance to develop their full potential so as to benefit from the new technological era.

We will seek to pin down the impact that technological change is having on productivity, growth, jobs, and inequality. Following a diagnostics phase, we will also explore the policies needed to embrace the opportunities and address the challenges presented by technology.  

Education is at the crux of this debate. Education empowers people to shape their own futures. It enables them to create their own endeavours and form an active citizenship able to contribute to the development of a world that is both fairer and more sustainable.

Making the new wave of technological breakthroughs as inclusive as possible will require considerable investment in training and skills for life and work. It may also require an adaptation in our fiscal policies or structural reforms. Now is the moment to shape the opportunities and skills that prepare our citizens for change.

Mobilize private resources to reduce the infrastructure deficit

Access the full version of the Overview of Argentina's G20 Presidency 2018

Infrastructure is critical to development. Investment in infrastructure boosts growth and productivity. Moreover, infrastructure provides the physical and digital access necessary for our citizens to seize the opportunities of the future economy.

Despite its importance, investment in infrastructure is far less than what is needed to sustain vigorous growth and make it truly inclusive. The global infrastructure gap projected from now to the year 2035 amounts to USD 5.5 trillion according to some estimates. Meanwhile, institutional investors around the world have USD 80 trillion in assets under management, typically offering low returns.

Mobilizing private investment toward infrastructure is crucial to closing the global infrastructure gap. It can also ensure a better return for those who today save and invest. This is a win-win objective and it requires international cooperation.

We will seek to develop infrastructure as an asset class by improving project preparation, addressing data gaps on their financial performance, improving the instruments designed to fund infrastructure projects, and seeking greater homogeneity among them.

Developing infrastructure as an asset class holds great promise to channel the savings of today into public infrastructure, efficient transportation services, basic sanitation, energy flows and digital connectivity that will make each person of today a global citizen and worker of tomorrow.

Improve soil productivity by sustainable means

Access the full version of the Overview of Argentina's G20 Presidency 2018

Food security is an important link in the process of achieving stability and peace. In no other case are security and development more evidently interlinked and mutually reinforced as in food. Meeting the dietary needs of future populations requires a sustainable way of increasing agricultural productivity.

The G20 countries are key players in the global food system. Our territories account for about 60% of all agricultural land and account for almost 80% of world trade in food and agricultural commodities.

Soils are a key part of the natural environment and from where most of the food consumed by mankind is produced. As a limited and non-renewable resource, they require the greatest attention. Healthy, fertile and productive soils are necessary for food security and human health, and their preservation is crucial for sustainable development and life on our planet.

Approximately 10 million hectares of cropland are lost every year due to soil erosion. The reduction of the land available for food production causes an irreversible degradation to the ecosystem which becomes dramatic in developing countries or regions with high food insecurity.

We have a valuable opportunity to promote a broad debate on the importance of sustainable soil management. The work in this field will be oriented to explore how the G20 can provide the international coordination necessary to foster public-private collaboration between industries, governments, international agencies, farmers' associations and civil society.

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