The world came to the halt during the Covid-19 pandemic and that is when people truly understood the importance of Globalization. The world is more inter-connected then ever and the impact in one country does impact others. For instance, the war between Russia and Ukraine is a current example.
The Labour markets are undergoing major changes. Automation is affecting workers in routine occupations, and as the application of digital technologies and artificial intelligence expand, it will have a similar impact on non-routine jobs.
A research also suggests that the world will be more equal by 2030 as it is now or compared to the past. The Gini index for the whole world falls 3.2 percentage points, from 65.8 in 2012 to 62.6 in 2030.
By investing in education, countries have given younger generations more years of schooling. In 1960, a young worker born in a developing country had spent one more year at school than an older worker. By 1990, the education gap between the young and the old was three years in South Asia and close to four years in Latin America, the Caribbean and sub-Saharan Africa. In the Middle East and North Africa it was almost six years, more than a full cycle of secondary education. With a few exceptions, the gap increased until 2010.
How it is a hope for conflict prone countries?
While the global inequality is expected to go down by 2030 - there is no guarantee that it will also reduce the educational inequality in the conflicted regions, however, with the progress of technology and artificial intelligence - it is expected that the education in these affected areas can improve. A lot of projects related to AI are already in pilot testing, if successful - they will be soon available for mass testing.