Reaping the Benefits of Industry 4.0 Through Skills Development in Cambodia
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Reaping the Benefits of Industry 4.0 Through Skills Development in Cambodia - Asian Development Bank
REAPING THE BENEFITS OF INDUSTRY 4.0 THROUGH SKILLS DEVELOPMENT IN CAMBODIA
JANUARY 2021
Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
© 2021 Asian Development Bank
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Tel +63 2 8632 4444; Fax +63 2 8636 2444
www.adb.org
Some rights reserved. Published in 2021.
ISBN 978-92-9262-455-2 (print); 978-92-9262-456-9 (electronic); 978-92-9262-457-6 (ebook)
Publication Stock No. SPR200325
DOI: http://dx.doi.org/10.22617/SPR200325
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Cover design by Mike Cortes.
Contents
Tables, Figures, and Boxes
Foreword
Talent and skills are valuable in powering knowledge-based economies. The Fourth Industrial Revolution (4IR) has ushered in extraordinary technological advances, fusing boundaries of physical, digital, and biological worlds to create new paradigms in the way we live, work, and interact. These trends have heralded excitement and fear—excitement in advancing frontiers of human endeavor and fear of negative repercussions on jobs and rising inequalities.
To respond to questions and concerns in developing member countries of the Asian Development Bank (ADB) on how their economies can transition effectively to 4IR, the study "Reaping the Benefits of Industry 4.0 Through Skills Development in High-Growth Industries in Southeast Asia" builds an evidence based on opportunities, challenges, and promising approaches in 4IR. It covers Cambodia, Indonesia, the Philippines, and Viet Nam with specific focus on two industries in each country deemed important for growth, employment, and 4IR: tourism and garments in Cambodia, food and beverage manufacturing and automotive manufacturing in Indonesia, information technology and business process outsourcing and electronics in the Philippines, and agro-processing and logistics in Viet Nam.
Much has been written about anticipated loss of millions of jobs arising from automation. At ADB, we take a tempered view. The study reaffirms a positive outlook to 4IR creating new opportunities for quality jobs. While many jobs will indeed be lost as a result of automation, new jobs will emerge through the adoption of technologies that will increase worker productivity and competitiveness of nations, thereby leading to greater prosperity. However, tapping such benefits is predicated on increasing investments in skills development and greater efforts by companies to upskill their workforce to perform new and higher order roles in complementarity with machines.
Adoption of 4IR technologies can increase efficiency