2019 Conference

Rising Inequality

Advances in technology have created huge disparities of wealth in the most technologically advanced countries of the world. In the US, the gap between the top 1% and everyone else has been growing rapidly. In 2010, the richest 1% of the population had 34% of the accumulated wealth. The top 0.1% had some 15%.

The fourth industrial revolution, and the coming wave of automation, AI and robotics, could lead to a further rise in wealth inequality. There is a big debate on how we can mitigate this. Proposed solutions include reskilling the workforce and implementing policies for greater wealth distribution. To find out more, read the full article here.

Agile Governance

The fourth industrial revolution is dismantling traditional institutions and mechanisms for governance. The pace of technological change demands a new type of governance that responds quickly and efficiently to change while remaining trustworthy. We need new policies, approaches and social protection mechanisms to handle both the opportunities and challenges the fourth industrial revolution presents, such as automation and job losses.

The traditional view of governance is expanding; policy development is no longer limited to national governments. There is a new role for the private sector and academia in working with public officials to provide expertise on emerging technologies and their social implications. Citizens, companies and policy-makers need to work together to develop a new type of governance for the future. Many are calling to this ‘agile governance’.

Innovation

Innovation is the process of turning new ideas into practical value, in the form of products, services or practices. It is now established that the more innovative firms systematically outperform the less innovative ones both in terms of growth and development. Innovation is also essential to creating safer, more responsible and sustainable practices around the world.

From Business model to government or technological innovation, the latter is likely to have a significant impact across industries and societies. The consequences are numerous, from disrupting markets and businesses to new scientific discoveries, social benefits and many others.

Disruption

Innovation along with disruption is relentlessly shaping. Emerging technologies such as artificial intelligence augmented reality, virtual reality and blockchain are impacting the creative economy. As the 4th industrial revolution is advancing, technology is more accessible, more widely used and more integrated into our daily lives than ever. Moreover, it is spilling over numerous different domains like politics, law or individual behaviours.

Overall, the emergence of new technologies is predicted to have positive consequences and create a set of new opportunities for the creative economy. However, there are concerns about these disruptive technologies putting limits on the means of creation, the types of experiences users are exposed to and acting as persuasive devices that may be distracting.

Warwick Congress is proud to introduce the theme for this year’s conference: The Fourth Industrial Revolution: Where is Humanity Headed? This year’s topic is bound to stir up debate amongst delegates considering the amount of media coverage the technological developments of the present and future have received. As Klaus Schwab, the founder of the World Economic Forum has proposed, the Fourth Industrial Revolution represents a fundamental change in the way we live, work and interact with one another.

Since the onset of the first industrial revolution in the 18th century, the world has experienced the advancement of technology from the use of steam and water to power production to the use of information technology. We have gone through change before, yet the pace and scale of the technological developments in physical, digital and biological spheres are unprecedented.

At this year’s conference, we will discuss how the Fourth Industrial Revolution will affect the disciplines of Finance, Economics, Politics and Law. We will focus on the challenges and opportunities it will bring; will the potential for long-term gains in the efficiency of production be enough to compensate for the potential disruption to labour markets?

Our aim is to focus on the economic, social and environmental consequences the Fourth Industrial Revolution promises to have on society, ranging from business to government. By informing our members on the impact the Fourth Industrial Revolution will have, we hope it furthers understanding and provides a informed insight into how our future is being shaped.

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Warwick Congress is proud to introduce the theme for this year’s conference: The Fourth Industrial Revolution: Where is Humanity Headed? This year’s topic is bound to stir up debate amongst delegates considering the amount of media coverage the technological developments of the present and future have received. As Klaus Schwab, the founder of the World Economic Forum has proposed, the Fourth Industrial Revolution represents a fundamental change in the way we live, work and interact with one another.

Since the onset of the first industrial revolution in the 18th century, the world has experienced the advancement of technology from the use of steam and water to power production to the use of information technology. We have gone through change before, yet the pace and scale of the technological developments in physical, digital and biological spheres are unprecedented.

At this year’s conference, we will discuss how the Fourth Industrial Revolution will affect the disciplines of Finance, Economics, Politics and Law. We will focus on the challenges and opportunities it will bring; will the potential for long-term gains in the efficiency of production be enough to compensate for the potential disruption to labour markets?

Our aim is to focus on the economic, social and environmental consequences the Fourth Industrial Revolution promises to have on society, ranging from business to government. By informing our members on the impact the Fourth Industrial Revolution will have, we hope it furthers understanding and provides a informed insight into how our future is being shaped.

Bringing together exciting speakers from a range of backgrounds in the fields of Economics, Law, Politics and Finance.
Bringing together exciting speakers from a range of backgrounds in the fields of Economics, Law, Politics and Finance.
A fantastic lineup of engaging keynotes and debates designed to provide a holistic and balanced account of this year’s topic.
A fantastic lineup of engaging keynotes and debates designed to provide a holistic and balanced account of this year’s topic.
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