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Jakarta Post

Economy in brief: Emerging economies must adopt technology

  • The Jakarta Post

Jakarta   /   Fri, October 12 2018   /  02:58 am

Finance Minister Sri Mulyani and Bill & Melinda Gates Foundation founder Melinda Gates agree that technology, despite its disruptive effects, should not be treated as a threat but as an opportunity and challenge.Speaking at a discussion on policies for harnessing technology for growth, Sri Mulyani said the invention of new technologies had opened up opportunities for improving welfare.“Now, it is about ensuring that the technology is useful for inclusive growth,” said Sri Mulyani on Thursday at the event on the sidelines of the 2018 Annual Meetings of International Monetary Fund-World Bank Group in Nusa Dua, Bali.She added that people in emerging economies had to be able to adapt to technological disruption, so that they could benefit from technology.“We don’t want to sacrifice the people for technology. This country is categorized as a middle-income [economy] and has establi...