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How digitization is accelerating international trade
How did the pandemic facilitate cross-border trade?
It certainly helped move things along more efficiently in two ways, Nextrade Group founder and CEO Kati Suominen says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.
First, customs agencies in many countries (finally!) went paperless — a huge help for small businesses. Second, COVID accelerated the move toward logistics tech innovations like data-driven route optimization or drone delivery that make it easier and faster to deliver stuff.
Suominen hopes that governments continue the trend and that "we continue plowing forward" on digital cross-border trade.
The weaknesses of a digital economy
Is there any downside to going cashless?
Not really, but there are challenges, Usman Ahmed, head of Global Public Affairs and Strategic Research at PayPal, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.
On the one hand, digitizing payment allows the creation of other financial services around it — mainly access to finance for the unbanked. On the other, there are privacy and security concerns, although these also exist with cash.
Overall, though, Ahmed believes that going digital is something that nobody will solve on their own. Governments and the private sector need to work together, and digital access is useless without digital literacy.
Education’s digital revolution: why UN Secretary-General António Guterres says it's needed
All around the world, tens of millions of kids stopped going to school. Many of them only recently returned, and some never will.
Can we still turn this around?
Yes, but we need to rethink education, UN Secretary-General António Guterres says in a Global Stage interview with Ian Bremmer.
Guterres says we need to focus less on learning things, and more on how to learn. And this means training teachers to do more than asking students to memorize stuff.
More than two years after the pandemic put many children on Zoom, the UN chief says we must invest big in digital access — but even more importantly, so education systems can prepare kids "for a world that we don't know how it'll be."
Education, he adds, should be permanent so future generations will be able to adapt quickly to needs that'll surely change in the future.
Watch Ian Bremmer's interview with António Guterres on GZERO World : How a war-distracted world staves off irreversible damage
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