World Bank report urges gov'ts to invest more in education and health

Source: Xinhua| 2018-11-02 03:53:15|Editor: Mu Xuequan
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GENEVA, Nov. 1 (Xinhua) -- The World Bank on Thursday called on governments around the world to invest more in education and health in its flagship World Development Report 2019 presented in the Swiss capital of Bern.

Saying that disruptive technologies are changing the world of work globally, the report also called for employees to be protected from negative social impacts and to strengthen the mobilization of financial resources within developing countries.

The Swiss State Secretariat for Economic Affairs and the World Bank on Thursday jointly hosted a launching event on the bank's annual report, which mainly deals with the impacts of technology on work and what governments can do concerning human capital, social protection and taxation systems.

According to the new report, investing in human capital must be a priority for governments in order for workers to build the skills in demand in the labor market.

In addition, the report suggested, governments need to enhance social protection and extend it to all people in society, irrespective of the terms on which they work.

The report also found that though fears that robots will take away jobs from people have dominated the discussion over the future of work, on balance this appears to be unlikely.

"Overall, technology brings opportunity, paving the way to create new jobs, increase productivity, and deliver effective public services," it said.