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
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 gap
Investment in transportation, basic sanitation, energy ﬂows and
digital connectivity enhances access and boosts growth and productivity.
Now is the time for an infrastructure investment overhaul. The
estimated USD 5.5 trillion global spending gap between now and 2035
can and should be bridged; institutional investors around the world
have USD 80 trillion in assets under management, typically offering
Argentina is a strong case study for our G20 agenda; the country is
developing its most ambitious infrastructure plan ever, with over US
$130 billion in projects in roads, railways, water & sanitation,
irrigation, ports & airports, urban mobility and public housing.
Infrastructure projects are, by nature, complex, heterogeneous and
require years to generate returns. It is an intricate sector, with
little data on market performance and insufficient instruments to
address its particular risks. However, the Argentine G20 presidency
believes that in this global context, with the guidance of the private
sector and involving MDBs, progress can be made in developing
infrastructure as an asset class.
Quality food management in the face of rapid population growth,
changing consumer demand and climate challenges
G20 territories account for around 60% of all agricultural land and
almost 80% of trade in food and agricultural commodities.
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. Smart land management will help combat and mitigate the
effects of climate change. Healthy, fertile, and productive soil will
help meet the dietary needs of future populations, its preservation
and care paramount to people’s general development and well-being.
The presidency’s work here will 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, to put in place responsible
land management techniques and treat soil as a strategic resource for
sustainable agriculture and food production.